Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls get a pause after the new low with a green week #W2.
Gap between the Senkou Span A & B, steady #W3.
Gap between Tenkan Sen and Kijun Sen, steady #W2.
Wrap:
After the Index makes a lower low, Bulls get a pause with a green week.
Looking Forward into this Week:
Chikou Span reflects the green week - its a long way from the price line #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:
Bears look to keep the index below the Tenkan Sen, and make some more lower lows #W2.
An oversold bounce or a bullish cross of the Senoku Span A & B #W3, is the next Bull hope.
