|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 11 July'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bears force a close below Tenkan Sen after 20 failed attempts #W2.
Senkou Span A & B - gap flares up #W3.
Tenkan Sen and Kijun Sen gap edges up #W2
Wrap: Bears succeed in closing index below Tenkan Sen, Bulls hold recent lows #W2.
Looking Forward into this Week:
The Chikou Span, keeping current altitude, will need a few months to meet the price-line #W1.
Bulls want to stay above recent lows and get back above the Tenkan Sen #W2.
Wrap: Bears look to keep index below the Tenkan sen, Bull focus is to stay above recent lows and make it above the Tenkan Sen #W2.