Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span bounces neatly from support at the Kijun Sen #W1.
Index stays in the Kumo #W2.
Senkou Span A & B cross Bearishly while Price was in the Kumo #W3.Wrap:
Despite the bearish Senkou Span cross, Index makes a green candle in the Kumo #W1.
Bulls also 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 some support to consolidate #W2.
Bulls hope for more green with a Tenkan Sen bounce off the Senoku Span A #W2.
Wrap:
Bears hope for a resumption of the down trend and life below the Kumo.
Bull strategy for a comeback is to use deflections off the Kijun Sen and Senoku Span A, to 'break out' of the Kumo #W1, W2 .
