Monday, December 21, 2015

China - SSEC - Ichimoku Study - Kumo Resists - Week 4 of December 2015.

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 at the Tenkan Sen, with the Kumo giving precise resistance #W2.

Chikou Span points to the price line #W1.
Senkou Span A & B, are crossed Bearishly and diverge #W3.


Index steadies with support around the Tenkan Sen #W2.
Bear send back the index at 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) #W3.

Bears intend to keep the index out of the Kumo #W2,.
Bulls continue to need the Tenkan Sen support #W2.

Bears push for a continuation of the down trend, with resistance at the Kumo #W2.
Bulls seek life in the Kumo with support at the Tenkan Sen W2 .