|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 02 Aug'13|
Introduction / Primer to Ichimoku, can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Flat Kumo #3 rewards the Bears again.
Gap between the Tenkan Sen & Kijun Sen narrow but steady #2.
Index falls below the Tenkan Sen, Kijun Sen and ends in the Kumo #2.
Chikou Span slips further below the price line #1.
3 Bearish Signals as seen on the screen above, all in the last week #2.
Looking Forward into the next Week:
Bulls unable to move the Chikou Span above the Price Line as downward momentum does not slacken a wee bit #1.
Gap between the Tenkan Sen - Kijun Sen narrow but steady - Bearish Cross or Bullish Deflection possible #2.
Flat Senoku Span B can attract the Price line towards it. #3.
Bulls look to bounce out of the Kumo - Bears remain attracted to the Flat Senoku Span B - #3 ...