|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 30 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 continues to hold the Index - even as Bulls attempt a bounce off it.
Index meets the Flat Senoku Span #3 again last week.
Chikou Span slips further down- parallel and close to the price line #1.
Bearish Senoku Span Cross - near #4.
Bears stay attracted to the Flat Senkou Span B #3 see study done 7 weeks ago. Bulls attempt a repulsion Bounce.
Looking Forward into the next Week:
Chikou Span moving down parallel to price line, in close enough proximity to Bullishly break into it #1.
Recross of the Kijun Sen and Tenkan Sen is the next Bull hope #2.
Bulls continue to attempt a bounce off the Flat Senoku Span B to get out of the Kumo. #3.
Bears would want to see the Bearish Senoku Span Cross #4 and a Bearish Kumo Break out #3.
Bulls look to bounce out of the Kumo with a Chikou Span Cross - Bears eye the Bearish Senoku Span Cross and Kumo Break out - down below - for more honey - #4 ...