|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 06 June'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
Bulls break out of the range at last and make a new High #W2.
All Ichimoku signal lines move up in unison #W1, #W2, #W3.
Wrap: Index takes off from support at Tenkan Sen to break range - new ATH made #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 stay above this range #W2, Bears hope to get below the Tenkan Sen #W2.