Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span bounce off the support at the Kijun Sen gets bigger #W1.
Index stays in the Kumo, just below the Tenkan Sen #W2.
Senkou Span A & B, stay crossed Bearishly #W3.Wrap:
Despite the bearish Senkou Span cross, Index makes another green candle in the Kumo #W3.
Bulls continue to use the Chikou Span Support at the Kijun Sen #W1 to move up #W2.
Looking Forward into this Week:
Bearish Senoku Span Cross is active (its called a Neutral Signal, as it occurs when the Price was inside the Kumo) #W2.
Kumo gives the Index support to consolidate #W2.
Bears look to the Tenkan Sen, to bring down the index #W2.
Wrap:
Bears look for a resumption of the down trend from the Kumo Top #W1.
Bulls seek life above the Kumo W2 .
