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Monday, February 16, 2015

The Dow Jones - Ichimoku Study - Range - Week 3 of February 2015.







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



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

Index after the Yo Yo at the Tenkan Sen, for 4 weeks, makes a dash for the ATH #W2.
Tenkan Sen and Kijun Sen, flat and gap steady #W2.
Senoku Span A & B, gap narrows #W3.


Wrap: Index moves to near the ATH  #W2.




Looking Forward into this Week:


Bear journey back to the Kumo, hemmed by the Kijun Sen #W2.
Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
Chikou Span Deflection off the Index, makes the Bears lose the advantage #W2.


Wrap: Bulls look to stay above the Tenkan Sen and make new ATHs, the Bear's target life below the Kijun Sen Sen #W2. 
Both look to break out of the current range.