.....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 DJI 30 - Week Chart (EOW) marked on chart as per notes below
The Flat Kumo: Bearish Signal (Ko)
The Kijun sen cross: Strong Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T)
Tenkan Sen Cross: Weak Bearish Signal (Te)
The Chikou Span Cross: Weak Bearish Signal (cC)
DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud
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| DJI 30 - End of Week Chart - 26 October, 2012. |
Learning from the Past Week: (click here for the post)
Chikou Span (1) - makes a bearish cross - we studied the possibility last week.
The Oscillator ticks down (3), -ve divergence is persistent.
The Tenkan Sen fails the Bulls and Index dives to the MVWAP 34 (2).
Looking Forward into the next Week:
With the Bears striking one barrier (Tenkan San) Down (2) - the Bull advantage is neutral now.
The Chikou Span Cross (1) - adds to Bull troubles.
A follow-up red candle is needed to give the advantage to Bears - one closing below the MVWAP 34.
A follow-up red candle is needed to give the advantage to Bears - one closing below the MVWAP 34.
