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.
Wrap:
Index steadies with support around the Tenkan Sen #W2.
Bear send back the index at the Kumo #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.
Wrap:
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 .
