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 and move index below the Kijun Sen #W2.
Gap between the Senkou Span A & B, reduces #W3.
Gap between Tenkan Sen and Kijun Sen, reduces #W2.
Chikou Span approaches the Price line #W1
Wrap:
After clearing the Tenkan Sen, index oscillating around the Kijun Sen #W2.
Looking Forward into this Week:
Chikou Span approaching the price line, great for Bulls #W1.
Winning the battle for the Kijun Sen, now critical for Bulls & Bears #W2.
Cross or deflection of the Tenkan Sen and Kijun Sen is the next action point #W2.
Wrap:
Chikou Span's proximity to the Price line #W1 and battle for the Kijun Sen are what the Bull and Bear camps would focus on this week #W2,
