Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span slips below the Kijun Sen #W1.
Bulls potter around in the Kumo, after moving above the Tenkan Sen #W2.
Senkou Span A & B, stay crossed Bearishly and rise together #W3.Wrap:
Despite the bearish Senkou Span cross, Index hangs on above the Tenkan Sen, and in the Kumo #W3.
Bears make the Chikou Span slip below the Kijun Sen #W1.
Looking Forward into this Week:
Bearish Senoku Span Cross is active (Its called a 'Neutral' Bearish cross, because it occurred when the index was on Neutral territory i.e inside the Kumo) #W2.
Bulls seek to use the support at the Tenkan Sen, to break out of the Kumo #W2,.
Bears see the Chikou Span's dip, as a vote to get below the Kumo #W1.
Wrap:
Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.
Bulls seek life above the Kumo after this consolidation W2 .
