Monday, August 4, 2014

The Dow Jones - Ichimoku Study - YoYo & Fall - Week 1 of August 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 01 Aug'14

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the earlier Study: (click here for the post)

After an 8 week YoYo of green and red candles, Index dives below the Tenkan Sen #W2.

Gap between Tenkan Sen - Kijun Sen decreases #W2.
Gap between  Senoku Span A-B also moves down #W3.

Wrap: Bears crash Index below the Tenkan Sen #W2.

Looking Forward into this Week:

Keeping below the Tenkan Sen - Bears target the Kijun Sen next #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 want life above the Tenkan Sen, Bears want life below the Kijun Sen #W2.