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| Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 01 Aug'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
After an 8 week YoYo of green and red candles, Index dives below the Tenkan Sen #W2.
Gap between Tenkan Sen - Kijun Sen decreases #W2.
Gap between Senoku Span A-B also moves down #W3.
Wrap: Bears crash Index below the Tenkan Sen #W2.
Looking Forward into this Week:
Keeping below the Tenkan Sen - Bears target the Kijun Sen next #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Bulls wary of the Chikou span bearishly crossing the Price line #W1.
Wrap: Bulls want life above the Tenkan Sen, Bears want life below the Kijun Sen #W2.
