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Monday, December 22, 2014

The Dow Jones - Ichimoku Study - Separation & Support - Week 4 of December 2014.








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



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

Tenkan Sen and Kijun Sen Separate last week as studied #W2.
Bulls take support exactly at the separated Tenkan Sen #W2.
Senoku Span A & B gap widens #W3.


Wrap: After a long period of running together, the Tenkan Sen and Kijun Sen deflect Bullishly to support the Index, precisely when and where, the Bull wanted it to #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.
Bullish Deflection of Tenkan Sen & Kijun Sen, happens again as studied #W2.
Bears now strive for a bearish cross of the Tenkan Send and Kijun Sen #W2.


Wrap: Bulls look for new ATHs supported after the Tenkan Sen and Kijun Sen deflect bullishly - while the Bears want to see a Bearish cross next #W2.