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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)
Resisted by the Tenkan Sen (Weekly resistance) for 6 weeks, Index moves down, below support at the Kijun Sen.
Tenkan Sen was resistance zone again.
Chikou Span goes below the Senoku Span B. Now in the Kumo.
Wrap:
Index resisted by the Tenkan Sen (Weekly resistance) falls below the Kijun Sen and is just above the Monthly Support.
Looking Forward into this Week:
Bears want to keep the index below the Kijun Sen - Weekly resistance - and aim for the Kumo.
Kijun Sen is now Weekly Resistance - important for Bulls to conquer.
Chikou Span in the Kumo - Bearish Cross or Bullish Deflection with the Senoku Span A or Priceline (edit), next.
Wrap:
Bears look to continue this fall to below the Kumo (Cloud).
Bulls look for green at the Monthly Support - and a Chikou Span Deflection.
