Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls fold again with another long red candle, 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:
Index dives again below the Tenkan Sen and makes aother 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.
A pause to let the Tenkan Sen catch up is the next event favoring the Bulls #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 #W2, is the next Bull hope.
