Monday, August 25, 2014

The Dow Jones - Ichimoku Study - Bull Highs - Week 4 of August 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 22 Aug'14

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the earlier Study: (click here for the post)

Saved by the Kijun Sen. Bulls clear the Tenkan Sen and head for the ATH #W2.

Gap between Tenkan Sen - Kijun Sen flat #W2.
Gap between  Senoku Span A-B flat #W3.

Wrap: Bulls bouncing off the Kijun Sen head for the ATH #W2.

Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls look for new Highs again #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Chikou span reaches for the Highs #W1.

Wrap: Bulls want life above the ATH following the Chikou Span Deflection, Bears want to close this week below the Tenkan Sen #W2.