Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Monthly resistance line demolished as a massive Kumo Breakout happens.
All signals are currently Bullish.
Chikou Span hovering near the Kumo top (extreme left)
Wrap:
Monthly Resistance line demolished as Bulls get their Kumo Breakout.
Looking Forward into this Week:
Bears want to get the Chikou Span back inside the Kumo (extreme left).
Longs having achieved a higher high (weekly close) now look to keep the momentum going.
Bulls now look to keep above the Tenkan Sen and not allow the Bears any leeway.
Wrap:
Bears look to get below the Tenkan Sen, after getting the Chikou Span inside the Kumo.
Bulls look at continuing life above the Weekly Resistance after the massive Kumo Breakout.
Zoom chart.. (Click)
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index Stops at the Senkou Span B, just shy of a Higher high, after the Higher Low studied.
Weekly and Monthly resistances in close proximity, index closes just inside the Kumo (center).
Chikou Span (extreme left), keeps above the Price line.
Wrap:
Index stays in the Kumo after being turned down by Weekly Resistance.
Looking Forward into this Week:
Bears want to get the index below the Kumo after defending the Weekly resistance line.
Longs look to the Bullish Chikou Span Cross to aim for a higher high.
Senoku Span A & B (extreme right), meeting in the offing - Bearish Cross or Bullish Deflection next.
Wrap:
Bears look to get below the Tenkan Sen, using the Kumo top resistance.
Bulls seek life above the Weekly Resistance, aided by the Chikou Span Cross.
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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)
Index uses the Senoku Span B as Support and stays above it all week.
Weekly resistance Line (Tenkan Sen on the Week Chart) was the area of resistance.
Chikou Span, after its Bearish Cross (Neutral Signal, as it happened when the Price was in the Kumo) is still below the Price line.
Wrap:
Chikou Span remains below the Price line, Index takes support on the Kumo.
Looking Forward into this Week:
Bulls now need to stay above the Kumo and take out the weekly resistance.
Bears want to keep the Chikou Span below the Price line (see extreme left).
Tenkan Sen (Weekly Resistance line) is now resistance to beat, for the Bulls (Center).
Wrap:
Bears using the Price line as resistance look to keep the Chikou Span down.
Bulls want to stay above the Kumo.
View chart.. (Click)
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index leaps above the Tenkan Sen, after the Higher Low studied last week.
Weekly and Monthly resistances in close proximity, ensure that the index stops exactly at the Kumo Top (center).
Chikou Span (extreme left), keeps above the Price line.
Wrap:
Index stays in the Kumo after being turned down by Weekly and Monthly Resistances.
Looking Forward into this Week:
Bears want to get the index below the Kumo after defending the Weekly resistance line.
Bulls maintain the Higher Low and now search for a higher high.
Senoku Span A & B (extreme right), meeting in the offing - Bearish Cross or Bullish Deflection next.
Wrap:
Bears look to get below the Kumo, using the Kumo top resistance.
Bulls seek life above the Kumo, using the support at the Tenkan Sen.
View this chart .. Click
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index bounces back from Support to close exactly at the Senoku Span B.
Monthly Support Line (Tenkan Sen on the Month Chart) was the point of bounce.
Chikou Span, after its Bearish Cross (Neutral Signal, as it happened when the Price was in the Kumo) is still below the Price line.
Wrap:
Chikou Span remains below the Price line, Monthly Support Line sends up Index.
Looking Forward into this Week:
Bulls now need to get above the Kumo.
Bears want to keep the index in the Kumo, and head to the Weekly Support Line (Senoku Span A).
Tenkan Sen (Weekly Resistance line) is now resistance to beat, for the Bulls.
Wrap:
Bears using the Kumo top resistance look to fall to Kumo Bottom. Bulls want to stay greened up, above Month Support.
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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)
Index moves about the Month lines with the body inside the previous week's candle.
Weekly and Monthly supports in close proximity.
Chikou Span (white) pops above the Price line.
Wrap:
Index back in the Kumo after a week of extreme fluctuations.
Looking Forward into this Week:
Bears want to get the index below the Kumo and definitely below Weekly resistance.
Bulls maintain the Higher Low.
Senoku Span A & B, meeting in the offing - Bearish Cross or Bullish Deflection next.
Wrap:
Bears look to get below to the Kumo and aim for the Monthly Support..
Bulls seek life above the Kumo (cloud), after defending the last weekly low.
View this chart .. Click
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index continues to move down, after resistances seen in previous weeks.
Previous low breaks
Monthly Support (Kijun Sen on the Month Chart) stops the fall.
Chikou Span breaks below the Price line.
Wrap:
Chikou Span falls below the Price line, Monthly Support stops Index fall.
Looking Forward into this Week:
Bulls now need to use the Month Support line to take off, above the Kumo.
Bears want to keep the index in the Kumo, and to the Weekly Support (Senoku Span A).
Tenkan Sen is now resistance to beat, for the Bulls.
Wrap:
Bears look to continue this fall to Kumo Bottom. Bulls need to green up, above Month Support.
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Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study:
Index moves into the Kumo with help from a Bullish Tenkan Sen (blue) Kijun Sen (red) cross earlier.
Resisted by the Senoku Span B (pink) index, dives below the the Kumo (cloud).
Chikou Span (white) tries to find its space moving in and out of the Price line.
Wrap:
Index resisted by the Senoku Span B falls below the Kumo.
Looking Forward into this Week:
Bears want to keep the index below the Kumo and Weekly resistance.
Last week's low (higher than previous) important for desperate Bulls.
Senoku Span A & B, meeting in the offing - Bearish Cross or Bullish Deflection next.
Wrap:
Bears look to keep below to the Kumo and aim for the Monthly Support..
Bulls seek life inside the Kumo (cloud), after a take off from last week's low.
View this chart on-line at... http://invst.ly/2pcvz
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index continues to move down, after resistances seen in previous weeks.
Previous low and also the Monthly Support (Kijun Sen on the Month Chart) provides exact support.
Chikou Span touches the Price line.
Wrap:
Index stopped by the Chikou Span resistance at the Kumo, falls to the recent low and Monthly Support.
Looking Forward into this Week:
Bulls can even now, look to make this close a higher low, so as to maintain the current trend.
Bears want to keep the index in the Kumo, and at the Weekly Support (Senoku Span A).
Kijun Sen (inside the Kumo) is now resistance to beat, for the Bulls.
Chikou Span touch of the Price line - Bearish Cross or Bullish Deflection next.
Wrap:
Bears look to continue this fall to Kumo Bottom.
Bulls need to use this Support as a higher low and continue the current trend.
