Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bears keep index below the Kijun Sen #W2.
Gap between Tenkan Sen and Kijun Sen, reduces #W2.
Chikou Span turns shy of the Price line #W1
Wrap:
Index is currently oscillating between the Kijun Sen and Tenkan 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:
Longs wish for a Tenkan Sen - Kijun Sen Bullish Cross and Bears want the Chikou Span away from the Price line #W2,
