Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls fold after a month of consolidation bears make a lower low #W2.
Gap between the Senkou Span A & B, increases #W3.
Gap between Tenkan Sen and Kijun Sen, steady #W2.
Wrap:
After a pause Index makes a lower low.
Looking Forward into this Week:
Chikou Span is a long way from the price line #W2.
Senkou Span A & B crossing or deflecting helps the Bull or Bear Causes respectively #W3.
Tenkan Sen and Kijun Sen, making a cross or deflection is the next event on the horizon #W2.
Wrap:
Bears look to keep the index below the Tenkan Sen, and make some lower lows #W2.
An oversold bounce or a bullish cross of the Tenkan Sen and Kijun Sen #W2, is the next Bull hope.
