Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index corrects sharply to near the Tenkan Sen, with the fall mapped on the Kumo #W2.
Chikou Span dips below the Kijun Sen #W1.
Senkou Span A & B, stay crossed Bearishly and rise #W3.
Wrap:
Index rises and falls, inside a rising 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.
Bulls seek to keep the index inside the Kumo #W2,.
Bulls need theTenkan Sen support, for the next rise inside the Kumo #W2.
Wrap:
Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.
Bulls seek life in the Kumo and a steady up-move W2 .
