Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bears reply with a lower low to the Bull's Higher High (May 2015) #W1, #W2.
Chikou Span points up, towards the Price line #W1.
Gap between the Senkou Span A & B, wide and steady #W3.
Gap between Tenkan Sen and Kijun Sen, narrow - they remain crossed bearishly #W2.
Wrap:
Bulls, with all Signals against them, fight back and make a green candle #W1, #W2.
Bears after all signals turn red, in their favour, make significant - lower low #W2.
Looking Forward into this Week:
Chikou Span reaching the Price line, would take a couple of weeks at current rate, this is good for Bears #W1.
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 #W3.
Tenkan Sen & Kijun Sen, are in a Bearish cross, the gap between them is narrow - Bulls hope for a re-cross next #W2.
Index reaching the 'Tenkan Sen', is the next Bull hope #W2.
Wrap:
Staying above the previous low, and reaching the Tenkan Sen #W2, is the next Bull task.
Dominant Bears seek more red weeks, and a wider gap between the 'Tenkan Sen and the Kijun Sen'.
