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| Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 13 June'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
Bulls after break out of the earlier range keep well above Tenkan Sen #W2.
Bears attempt to reach Tenkan Sen #W2.
Ichimoku signal lines move up steady #W2, #W3.
Wrap: Bears pull back some Bull gains from previous week's range break-out #W2.
Looking Forward into this Week:
Keeping above the Tenkan Sen - Bulls have hopes of a new ATHs #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Bulls wary of the Chikou span bearishly crossing the Price line #W1.
Wrap: Bulls look to head back to the ATH #W2, Bears want life below the Tenkan Sen #W2.
