Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span slides down lower, but above support at the Kijun Sen #W1.
Index stays red, still trapped in the Kumo #W2.
Kijun Sen just below the price line inside the Kumo #W2.
Senoku Spans A and B, are crossed Bullishly #W3.
Wrap:
Bears use the Kumo top as resistance, index continues to yo yo down, with another red week #W2 and a lower low.
Looking Forward into this Week:
Bulls hope the Kijun Sen support, will see Price heading up out of the Kumo #W2.
Keeping the the Chikou Span above the Kijun Sen, and the Senoku Span 'A' above the Senoku span 'B' is a Bull priority #W3.
Bears need to break below the Kijun Sen #W2.
Wrap:
The Kijun sen is the support the Bulls need for a bounce back, Bears aim for the kumo bottom #W2, and a lower high.
