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Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
With a Bearish Kijun Sen Cross, Index continues down, and its now almost at the Kumo.
Monthly resistance stands between the Kumo top and the Current Close.
Chikou Span stops exactly at the Senoku Span A (extreme left).
Wrap:
Index resisted by the Tenkan Sen, falls below the Kijun Sen and is at the Monthly Support.
Looking Forward into this Week:
Bears want to keep the index below the Kijun Sen - now Weekly resistance - and aim for the Kumo.
Kijun Sen - Weekly Resistance - important for Bulls to re-conquer.
Chikou Span - Bearish Cross or Bullish Deflection with the Senoku Span A and or Priceline, next.
Wrap:
Bears look to continue this fall to reach the Kumo (Center).
Bulls look for green at the Monthly Support - and a Chikou Span Deflection.
