Monday, February 23, 2015

The Dow Jones - Ichimoku Study - Break - Week 4 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 after the Yo Yo at the Tenkan Sen, makes a dash for the ATH, and clears it #W2.
Tenkan Sen and Kijun Sen, flat and gap steady #W2.
Senoku Span A & B, gap steady #W3.

Wrap: Index makes a new ATH  #W2.

Looking Forward into this Week:

Bear hope to journey back to the Kumo, when it thins, in a couple of weeks #W2.
Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
Chikou Span Deflection off the Index, produces a new ATH for the Bulls #W2.

Wrap: Bulls look to stay above the Tenkan Sen and make new ATHs, the Bears want to get back to the Kumo #W2.