Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bears attacks the Kumo, after Price deflected bearishly at the Chikou Span the previous week #W1.
Gap between the Senkou Span A & B narrows further #W3.
Gap between the Tenkan Sen and the Kijun Sen is steady #W2.
Wrap:
Bears holding on to a Bearish Tenkan Sen-Kijun Sen Cross & Chikou Span Cross, attack the Kumo #W1 &W2.
Bulls are left with their last straw Senkou Span A & B cross - #W1.
Looking Forward into this Week:
Chikou Span can recross the Price line Bullishly, if the index bounces out of the Kumo #W1.
Narrowing gap between the Senkou Span A & B, makes a bullish deflection or bearish cross, imminent #W3.
Bull hope rests on getting back above the rather thick Kumo (Study Links here, here or elsewhere) #W2.
Wrap:
Bulls hope to repulse the attack on the rather thick Kumo, get the Chikou Span above the Price line and manage a deflection of the Senkou Span A & B #W1.
Bears look to stay in the Kumo, retaining the Bearish Crosses #W2.
