Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span stays on and closes just above, the Price line #W1.
Tenkan Sen supports the index #W2.
Senoku Spans A and B converge #W3.
Wrap:
Chikou Span closes above the price line #W1, Index goes green #W2.
Looking Forward into this Week:
Bullish Chikou Span Cross, great for Bulls #W1.
Getting the index below the Tenkan Sen, important for Bears #W2.
Bulls see the narrow Kumo above the price line #W2, as an ideal place for the index, to pierce through and get above the Kumo.
Wrap:
Index heading to the Kumo #W2, and this Bullish Cross of the Chikou Span and Price line holding #W1, would be the Bull ask.
Bears want to see the throw back of the index reaching the Kijun Sen, and the Chikou Span sliding below the Price line #W2.
