.....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 Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T)
Tenkan Sen Cross: Weak Bearish Signal (Te)
The Chikou Span Cross: Weak Bearish Signal (cC) New:
The Kijun sen cross: Weak Bearish Signal (K)
DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud
DJI 30 - End of Week Chart - 09 November, 2012 |
Learning from the Past Week: (click here for the post)
Chikou Span #1, makes a Bearish Conitnuation relative to the price line - staying below it.
Price falls below the MVWAP 34 and the Kijun Sen #2.
The Kijun Sen Cross is termed a Weak Signal as its a Bearish Cross happening above the Kumo.
The Oscillator ticks down #3 Negative divergence is persistent.
Price falls below the MVWAP 34 and the Kijun Sen #2.
The Kijun Sen Cross is termed a Weak Signal as its a Bearish Cross happening above the Kumo.
The Oscillator ticks down #3 Negative divergence is persistent.
Looking Forward into the next Week:
The Kijun Sen (blue) Cross #2 is a blow for the Bulls.
Bulls under pressure - need to stay above the Kumo #2.
The Chikou Span's action #1, important - for Bearish Continuation below price or Bullish pull up above price.
Bulls under pressure - need to stay above the Kumo #2.
The Chikou Span's action #1, important - for Bearish Continuation below price or Bullish pull up above price.