Quick Reference :
The Tenkan Sen - red line,
The Kijun Sen - blue line,
The Chikou Span - purple line,
The Senkou Span A - black line,
The Senkou Span B - grey line,
The Kumo - grey shaded area.
Signals studied in the past few weeks on DJI - Week Chart (EOW) in brief: For details see here and here.
Senkou Span Cross: Neutral Bullish Signal
Chikou Span Cross: Strong Bullish Signal
Tenkan Sen/Kijun Sen Cross: Neutral Bullish Signal
Kumo Breakout: Bullish Signal
The Flat Kumo: Bearish Signal
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| DJI 30 - End of Week Chart - 30 March 2012 |
Ichimoku Medium Term View (or) Week Chart (or) EOW of the DJI 30:
We have summarized the studies of the past few weeks, on the EOW and its shown, above the chart.
Th Index is in Bull Mode.
This weeks input, seems to be, that the last three candles, show a flat trajectory.
The Tenkan San is flat as is the Kijun Sen.
The Tenkan San is flat as is the Kijun Sen.
The coming week however, should see some action..
To get a finer picture, we have added a EOD study as below...
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| DJI 30 - End of Day Chart - 30 March 2012 |
The Index was in Bull Mode on this chart. The last two candles show that....
a) the Price line has taken support on the Kijun Sen (and MVWAP) and
b) crossed the Tenkan Sen.
This continues the Mode as Bullish.
On the flip side are the obvious divergences on the Oscillator.
