Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls enforce a pause in the fall with a strong green candle #W2.
Gap between the Senkou Span A & B, steady #W3.
Gap between Tenkan Sen and Kijun Sen, steady #W2.
Wrap:
Index still below the Tenkan Sen, Bulls make a strong pause and bounce.
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.
Some more green, to let the Tenkan Sen catch up, is the next event the Bulls long for #W2.
Wrap:
Bears look to keep the index below the Tenkan Sen, and make some lower lows #W2.
Folow up to this bounce with a bullish cross of the Tenkan Sen #W2, is the next Bull hope.
