Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bears get another red week as the index throwback continues, support was at the Kijun Sen #W2.
Chikou Span ticks down, from below the Kumo #W1,
Bulls manage to close above the Tenkan Sen and stay in the spot light #W2.
Wrap:
Throwback takes support exactly at the Kijun Sen and closes the week, just above the Tenkan Sen #W2.
Looking Forward into this Week:
Bulls see the index getting to above the Kumo and clearing the last high #W2.
Bears push to go lower, down Kumo #W2.
Chikou Span seeks the Price line #W1.
Tenkan Sen is the support that the Bulls need to stay above, to remain relevant #W2.
Wrap:
Bears aim to get below the Tenkan Sen, going down the Kumo #W2.
Bulls seek a life above the Kumo and higher highs #W2.
