|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 12 Dec'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, make new ATHs before falling back towards the Tenkan Sen #W2.
Tenkan Sen and Kijun Sen still on top of each other and Separation is expected anytime now #W2.
Senoku Span A & B gap is flat #W3.
Wrap: Bulls bounced off the Kumo made new ATHs before the Bear prayer is answered with a massive red week #W2 .
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 to the Price line is the Bear ask #W1.
Bulls continue to expect that the Tenkan Sen will move above the Kijun Sen in a Bullish deflection, even if the Index itself falls to the Tenkan Sen #W2.
Wrap: Tenkan Sen and Kijun Sen are on top of each other - Bulls look for a Deflection while the Bears hope for a Cross #W2.