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| Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 08 Aug'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
After Index dives below the Tenkan Sen, Kijun Sen Holds up the Bulls #W2.
Gap between Tenkan Sen - Kijun Sen decreases further #W2.
Gap between Senoku Span A-B increases #W3.
Chikou Span deflects off the Price line neatly #W1.
Wrap: Kijun Sen arrests the Index fall and saves the Bulls #W2.
Looking Forward into this Week:
Keeping below the Tenkan Sen - Bears target the Kijun Sen again #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Chikou span deflecting off the Price line, augers well for Bulls #W1.
Wrap: Bulls want life above the Tenkan Sen following the Chikou Span Deflection, Bears want to close this week below the Kijun Sen #W2.
