Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span approaches the Price line #W1.
Gap between Tenkan Sen and Kijun Sen, widens #W2.
Senoku Span A & B, close in for a cross or deflection #W3.
Gap between Tenkan Sen and Kijun Sen, widens #W2.
Senoku Span A & B, close in for a cross or deflection #W3.
Wrap:
Bulls break out of the Kumo #W2.
Chikou Span being resisted near the Price line, some solace for Bears #W2.Looking Forward into this Week:
Chikou Span returning from the Price line is the Bear hope #W1.
Price makes a Bullish cross, to above the Kijun Sen (Its called a 'Neutral' Bullish cross because it occurred when the index was on Neutral territory i.e inside the Kumo) #W2.
Cross of the Senoku Span A & B is the next event the Bears hope for #W3.
Wrap:
Bears aim to send the index back inside the Kumo #W1, and hope the Chikou Span returns at the Price line #W1.
Bulls aim for a deflection of the Senoku Span A & B to keeep the momentum going #W3.
Bulls aim for a deflection of the Senoku Span A & B to keeep the momentum going #W3.