.....Regulars can skip below and go straight to the chart......
Quick Reference :
Chikou Span - pink line,
Kijun Sen - blue line,
Senkou Span A - black line,
Senkou Span B - grey line,
Kumo - grey shaded area,
Tenkan Sen - red line.
Previous Signals seen on BSE 30 - Week Chart (EOW) as shown on chart below:
The Tenkan Sen Cross: Weak Bullish Signal (Te)
The Senoku Span Cross: Neutral Bullish Signal (Ss)
The Kijun Sen Cross: Neutral Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T) The Chikou Span Cross: Strong Bullish Signal (Cc)
BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
The BSE Sensex 30 - End of Week Chart - 05 October, 2012. |
Learning from the Past Week: (click here for the post)
The Chikou Span rears up again (a).
The last Chikou Span Cross (cC) was the inflection point for the current Bull run.
The Senoku span Cross (Ss) started the bulls moving from the Kumo.
The Senoku span Cross (Ss) started the bulls moving from the Kumo.
Looking forward into the next Week:
Bears look to reaching the Tenkan Sen to start making an impact.
Staying above the Kumo - advantage is with the Bulls.
The Thinning Kumo (for next two candles) is an advantage for the Bears.