Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
Index bounces off from support at the Kijun Sen but gets sent back at the Tenkan Sen again #W2.
Gap between the Tenkan Sen and Kijun Sen moves up #W2.
Senoku Span A & B, gap increases #W3.
Chikou Span above the Price line #W1.
Wrap: Index takes support at the Kijun Sen, Chikou span deflects off the Price line #W1.
Looking Forward into this Week:
Bears for the next opportunity to dive into the Kumo #W2.
Cross of Tenkan Sen, to below the Kijun Sen, is next on Bear wishlist #W2.
Chikou Span makes a Bullish deflection off the Price line, Bulls need to pull up the index to keep the advantage #W1.
Wrap: Bulls look to stay above the Kijun Sen, Bears look for a Bearish Cross of the Chikou Span and the Price line #W2.
