|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 31 Jan'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from last Week: (click here for previous post)
Bulls slip below the Tenkan Sen and stay below it all week #W2.
Senkou Span A & B - steady #W3.
Distance between Tenkan Sen and Kijun Sen flat #W2
Chikou Span see price line beyond a deep chasm #W1.
Wrap: Bulls slip below the Tenkan Sen #W2.
Looking Forward into this Week:
Chikou Span needs to cover a lot of ground to meet the Price Line in the next few weeks #W1.
Bears need to stay below the Tenkan Sen to remain in the game #W2.
Flattening of Tenkan Sen, Kijun Sen and the Senkou Span A & B indicative of consolidation before a Big move #W2 #W3.
Wrap: Bears eye the Kumo #W2. Bulls trust the Chikou Span stays above the Price line #W1.