|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 20 June'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
Bulls take support near Tenkan Sen to get back to highs #W2.
Bears get closer to Tenkan Sen at week's low #W2.
Gap between Tenkan Sen - Kijun Sen and Senoku Span A-B widens #W2, #W3.
Wrap: Bull back to highs taking support near Tenkan Sen #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 make new ATHs #W2, Bears want life below the Tenkan Sen #W2.