Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index taking off from support at the Confluence of the Tenkan Sen and Senoku Span B, gets turned back at the Senoku Span A #W2.
Chikou Span stays above the Kijun Sen #W1.
Senkou Span A & B, stay crossed Bearishly and rise together #W3.
Wrap:
Despite the bearish Senkou Span cross, Index moves above the Tenkan Sen, while in the Kumo #W3.
Bears restrict the rise, to just inside the Kumo #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.
Bears seek to keep the index inside the Kumo #W2,.
Bulls see the Chikou Span's action and Tenkan Sen support, as a vote to break out of the Kumo #W1 & #W2.
Wrap:
Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.
Bulls seek life above the Kumo after this consolidation and up-move W2 .
