Monday, February 2, 2015

The Dow Jones - Ichimoku Study - Back in Range - Week 1 of February 2015.

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

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

Index slips below the Tenkan Sen into the 'Tenkan Sen to Kijun Sen' range #W2.
Tenkan Sen and Kijun Sen flat and gap steady #W2.
Senoku Span A & B gap flat #W3.
Chikou Span close to Price line #W1.

Wrap: Bears bring index below the Tenkan Sen  #W2.

Looking Forward into this Week:

Bears aim for a journey back to the Kumo #W2.
Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
Chikou Span Cross/Deflection of the Index can show direction going forward #W2.

Wrap: Bulls look to get above the Tenkan Sen, the Bear's target life below the Kijun Sen Sen #W2. Both look to break out of the current range.