Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls broke-out above the Tenkan Sen and made a neat throw back to this line last week #W2.
Chikou Span halts it run to the Price line #W1.
Gap between the Senkou Span A & B, wide and steady #W3.
Gap between Tenkan Sen and Kijun Sen, steady #W2.
Wrap:
Bulls, after knocking out the Tenkan Sen with a sharp breakout previously - come back to this line for a neat Throwback #W2.
Bears manage big red candle as a result of the above #W2.
Looking Forward into this Week:
Chikou Span reaching the Price line looks lkely, at current rate, this is good for Bulls #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, when we get there #W3.
Index staying above the 'Tenkan Sen', and cracking the Kijun Sen is what the Bulls aim for #W2.
Wrap:
Resuming the up-move after the Throwback #W2, and taking out the Kijun Sen is the next Bull ask.
Bears look to defend the Kijun Sen and keep the Index well below the March'15 High #W1.
