.....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
DJI 30 - End of Week Chart - 02 November, 2012 |
Learning from the Past Week: (click here for the post)
Chikou Span #a, which made a bearish cross, below the Price line last week, is on the verge of pulling above Price line.
The Oscillator ticks down #c -ve divergence is persistent.
The MVWAP 34 #b holds up Bulls - Tenkan Sen resists them.
Looking Forward into the next Week:
Holding above the MVWAP 34 #b, Bulls are safe for now.
The Chikou Span's action #a next week, worth a watch, for Bearish Continuation or Bullish pull up.
Break of the Range #b between the Tenkan Sen and MVWAP 34 - signals the next trending move.
The Chikou Span's action #a next week, worth a watch, for Bearish Continuation or Bullish pull up.
Break of the Range #b between the Tenkan Sen and MVWAP 34 - signals the next trending move.