Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bears get a red week as the index throws back, bouncing exactly at the Kumo #W2.
Chikou Span ticks down, just below the Kumo #W1,
Bulls defend their turf after the Kumo Break out #W2.
Wrap:
After the Kumo breakout, the throwback bounces off exactly at the Kumo #W2.
Looking Forward into this Week:
Bulls see the index staying above the Kumo and clearing the last high #W2.
Bears plan to defend the last high, with help from the Chikou Span resistance at the Kumo #W2.
Tenkan Sen is the support that the Bulls need to defend, to remain relevant #W2.
Wrap:
Bears aim to get below the Tenkan Sen, after getting back into the Kumo #W2.
Bulls seek a life clear above the Kumo and higher highs #W2.
