Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index once again attempts to get out of the Kumo (unsuccessfully) #W2.
Chikou Span ranges, between Price line and the Kumo #W1,
Bears make a Doji and close below the Tenkan Sen to keep the edge #W2.
Wrap:
Kumo gravity holds back the Bulls, keeps to support at Kijun Sen #W2.
Looking Forward into this Week:
Bulls want the index above the Kumo and then above the last high #W2.
Bears push to go lower, down Kumo #W2.
Chikou Span nears the Price line - bearish cross or bullish deflection on next #W1.
Wrap:
Bears after the Doji, aim to get below the last low, going down the Kumo #W2.
Bulls want to keep it above the Kijun Sen, then go up to clear the Kumo #W2.
