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| BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 22 Nov'13 |
Introduction / Primer to Ichimoku, can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bears take advantage with a red candle following the Engulfing action on the Bull show of the week before #W2.
Bulls slip below the Tenkan Sen #W2.
Chikou Span touches the Price Line #W1.
Wrap: Bear fight back gets them below the Tenkan Sen.
Looking Forward into the next Week:
Chikou Span moves towards the Price Line - deflection or cross imminent #W1.
Bulls need to get above the Tenkan Sen to get back in the game #W2.
Wrap: Bulls would aim for a deflection of the Chikou Span and Price line for another go at the ATH - Bears look to stay below the Tenkan Sen #W2.
