Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (This is a new study)
Chikou Span drops with the price, sliding just above the Index #W1.
After slipping below the Tenkan Sen earlier, Index crashes below the Kijun Sen, manages to close the week above this line #W2.
Gap between the Senkou Span A & B wide and steady #W3.
Gap between the Tenkan Sen and the Kijun Sen reduces #W2.
Wrap:
Bulls keep Index above the Kijun Sen #W2 and Chikou Span above the Price line #W1.
Bears force price lower, but fail to keep the advantage #W2.
Looking Forward into this Week:
Chikou Span is just above the Index, Bulls are wary of a Bearish cross below the index #W1.
Index closing above the Kijun Sen, a strong support, good for Bulls #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong resistance #W3.
Gap between the Tenkan Sen and the Kijun Sen reduces - bullish deflection or bearish cross imminent #W2.
Wrap:
Index staying above the Kijun Sen #W2, and Chikou Span above the Price line #W1, good for Bull Health.
Slipping below these supports, is the hope for the Bears, this week.
