Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls hold index to a higher low, with a green week and a high wave candle #W2.
Chikou Span points towards the Price line #W1.
Gap between the Senkou Span A & B, narrows sharply #W3.
Gap between Tenkan Sen and Kijun Sen, steady #W2.
Wrap:
Bears moving the index towards the last bottom for a retest, Index keeps the higher low with a green week #W2.
Looking Forward into this Week:
Bulls aim for the Tenkan Sen and look for life above it #W2.
Gap between the Senkou Span A & B is wide at #W3 & above the last Price point, making a thick Kumo - and a strong resistance to an up-move, when we get there #W3.
Senoku Span A & B, headed for a cross or deflection with these lines getting closer #W1.
Wrap:
Returning after a Double Bottom, and taking out the Tenkan Sen #W2, is the next Bull plan.
Bears look to keep the index below the Tenkan Sen, and take out the previous low #W2.
