|BSE 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 17 Oct'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls again fail to get index above the Tenkan Sen #W2.
Senkou Span A & B - gap higher #W3.
Tenkan Sen and Kijun Sen gap also higher #W2
Wrap: Index edges below the previous major High, and keeps below the Tenkan Sen #W2.
Looking Forward into this Week:
Senkou Span 'A & B' diverging, is good for Bulls #W3.
A Bearish, Chikou Span cross with Price line, at current altitude, will need a few weeks #W1.
Tenkan Sen and Kijun Sen crossing or deflecting is also a few weeks away by current trends #W2
Wrap: Bears seek to keep the index below the Tenkan Sen and get to the Kijun Sen, Bulls focus on getting back to the previous Highs #W2.