Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span makes a massive bounce off support at the Kijun Sen #W1.
Tenkan Sen and Kijun Sen, at Senkou Span A #W2.
Tenkan Sen and Kijun Sen, at Senkou Span A #W2.
Wrap:
Bulls use the Chikou Span support at the Kijun Sen to get a long green week #W1, #W2.
Bears defense up, at the Senoku Span A and Tenkan Sen #W2.Looking Forward into this Week:
Index getting above the Kumo with a Bullish Breakout, is the next Bull hope #W2.
Chikou Span is crossed below the Price line (Its called a 'Weak Bearish cross because it occurred when the index was Bullish i.e above the Kumo) and its found support at the Kijun Sen #W1.
Chikou Span is crossed below the Price line (Its called a 'Weak Bearish cross because it occurred when the index was Bullish i.e above the Kumo) and its found support at the Kijun Sen #W1.
The Tenkan Sen and the Kijun Sen, deflecting off the Senoku Span A is the next Bull ask #W2.
Wrap:
Bulls have momentum inside the Kumo, with the strong up move #W2.
Bears hope to block the way out of the Kumo, with a defense of the Tenkan Sen and Senoku Span A #W2.
Bears hope to block the way out of the Kumo, with a defense of the Tenkan Sen and Senoku Span A #W2.
