.....Regulars can skip below and go straight to the chart......
Quick Reference :
Chikou Span - pink line,
Kijun Sen - blue line,
Senkou Span A - black line,
Senkou Span B - grey line,
Kumo - grey shaded area,
Tenkan Sen - red line.
Previous Signals seen on DJI 30 - Week Chart (EOW) marked on chart as per notes below
The Kumo Breakout: Strong Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T)
Tenkan Sen Cross: Weak Bearish Signal (Te)The Chikou Span Cross: Strong Bullish Signal (cC)
The Kijun sen cross: Strong Bullish Signal (K)
DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud
|DJI 30 - End of Week Chart - 30 November, 2012|
Learning from the Past Week: (click here for the post)
Range last week was, the space above the Kumo and below the Tenkan Sen #2.
The Bulls could not break the Tenkan Sen #2.
The Senkou Spans converge #4.
The Oscillator ticks down to negative #3 Negative divergence is persistent.
Looking Forward into the next Week:
Range continues to be the space above the Kumo and below the Tenkan Sen #2.
Senoku Span Cross - if it happens from this position - is bad news for the Bulls #4.
Bulls would need to break above the Tenkan Sen #2.
Bears look forward to a Kijun Sen - Tenkan Sen Cross - and life inside the Kumo.