Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index takes support near the Tenkan Sen #W2, after slipping into the Kumo.
Senoku Span A & B, steady #W3.
Senoku Span A & B, steady #W3.
Wrap:
Chikou Span turns back from the Price line - Bears back in the game #W2.
Bulls halt the fall above the Tenkan Sen #W2.
Bulls halt the fall above the Tenkan Sen #W2.
Looking Forward into this Week:
Chikou Span staying away from the Price line, is the current Bear ask #W1.
Index is now on neutral territory, in the Kumo #W2.
Cross of the Senoku Span A & B is the next event, that the Bears hope for #W3.
Wrap:
Bears look to keep it in the Kumo and get below the Kijun Sen #W2.
Bulls seek to defend the Kijun Sen and get the Chikou Span moving towards the Price line again #W2.
Bulls seek to defend the Kijun Sen and get the Chikou Span moving towards the Price line again #W2.