Zoom into chart .. Click
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls get stopped near the Kumo Top. Senkou Span A and B converge again.
Bulls keep the Large wave 'Higher Low', Bears continue the Short wave 'Lower High : Lower Lows'.
Chikou Span (white) points to the Kumo (extreme left).
Wrap:
Index near the Kumo Top(center). Senkou Span A & B converge (right)
Looking Forward into this Week:
Chikou Span above the Kumo is now the bull ask (left).
Piercing the Kumo Top is now the Bull hope, clearing the Tenkan Sen (blue) is next (center).
Senkou Span A&B 'deflection' or 'cross', now is the next event on the horizon.
Senkou Span A&B 'deflection' or 'cross', now is the next event on the horizon.
Wrap:
Bulls look to hold the large wave 'Higher Low' and Kumo Bottom Support to catapult the Index out of the Kumo (center).
Bears seek a Large Wave 'Lower Low' and life below the Kumo with a possible Bearish Senkou Span A and B cross (right)
