Monday, October 26, 2015

China - SSEC - Ichimoku Study - Kumo Life - Week 4 of October 2015.

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the Earlier Study: 
(click here for the previous post)

Chikou Span climbs, hugging the Kijun Sen #W1.

Bulls get life inside the Kumo, after moving above the Tenkan Sen #W2. 
Senkou Span A & B, stay crossed Bearishly #W3.


Despite the bearish Senkou Span cross, Index makes another green candle in the Kumo #W3.
Bulls continue to use the Chikou Span's 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' Bearish cross, because it occurred when the index was on Neutral territory i.e inside the Kumo) #W2.
Kumo gives the Index support to consolidate #W2.
Bulls seek to use the support at the Tenkan Sen, to break out of the Kumo #W2.

Bears search for a resumption of the down trend, after the Senoku Span Cross #W3.
Bulls seek life above the Kumo W2 .