Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bears force an even lower low after the index tests the previous low #W2.
Gap between the Senkou Span A & B, narrowing #W3.
Gap between Tenkan Sen and Kijun Sen, steady #W2.
Wrap:
Bears take the index sharply lower after the retest, Index makes a lower low #W2.
Looking Forward into this Week:
Bears make an even lower low #W2.
Gap between the Senkou Span A & B is wide at #W3 & above the last Price point, making a thick Kumo - and a strong resistance to an up-move, when we get there #W3.
Senoku Span A & B, headed for a cross or deflection with these lines getting closer #W1.
Wrap:
Bears look to keep the index below the Tenkan Sen, and make some more lower lows #W2.
A bullish cross of the Senoku Span A & B #W3, is the next Bull hope.
