Saturday, October 31, 2015

China - SSEC - Ichimoku Study - Kumo Consolidates - Week 1 of November 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 slips below the Kijun Sen #W1.

Bulls potter around in the Kumo, after moving above the Tenkan Sen #W2. 
Senkou Span A & B, stay crossed Bearishly and rise together #W3.


Despite the bearish Senkou Span cross, Index hangs on above the Tenkan Sen, and in the Kumo #W3.
Bears make the Chikou Span slip below the Kijun Sen #W1.

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.
Bulls seek to use the support at the Tenkan Sen, to break out of the Kumo #W2,.
Bears see the Chikou Span's dip, as a vote to get below the Kumo #W1.

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