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| Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 26 Sept'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
Bulls defend break-out from Peak 2 despite red week #W2.
Gap between Tenkan Sen - Kijun Sen same #W2.
Gap between Senoku Span A-B same #W3.
Wrap: Bulls fall, but keep above Peak 1 #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 High continues as strong support #W2.
Wrap: Bulls push for a higher highs, Bears seek to get below previous Highs #W2.
