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| Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 12 Sept'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
Bears defend Peak 2 with a red week #W2.
Gap between Tenkan Sen - Kijun Sen flat and narrow #W2.
Gap between Senoku Span A-B flat #W3.
Wrap: Bulls repulsed at Peak 2 #W2.
Looking Forward into this Week:
Keeping above the Tenkan Sen - Bulls look for new Highs #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Previous Highs are a strong resistance #W1.
Wrap: Bulls push for a breakout from these levels, Bears continue to dig-in & defend the ATH zone, for the second time #W2.
