|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 28 Nov'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
Bulls after the kick off from the Kumo, get above the Tenkan Sen and Kijun Sen and make it rain ATHs #W2.
Chikou Span momentum slows #W1.
Tenkan Sen and Kijun Sen still in Touch and they level out #W2.
Senoku Span A & B gap is flat #W3.
Wrap: Bulls bounced off the Kumo and used the Chikou Span deflection, to make it rain ATHs, as momentum slows # W2. Bears look to get back in the game.
Looking Forward into this Week:
Bears aim for a journey back to the Kumo, starting with a move to below the Tenkan Sen #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, is now in progress #W2.
Chikou Span dipping towards the Price line is the Bear ask #W1.
Bulls demand a deflection of the Tenkan Sen to above the Kijun Sen #W2.
Wrap: Bears look to move below the Tenkan Sen #W2 - Bulls see a Bullish Deflection of Tenkan Sen & Kijun Sen next #W1.