Saturday, December 16, 2017

Brent Oil - Ichimoku Weekly Study - Doji days- Week 3 of December 2017.






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

Learning from the Earlier Study: (click here for the previous post)

Index makes another, even longer Doji and comes close to the target $67.
Senkou Span A and B, rise (right extreme). Chikou Span way above the Price line (left).
Tenkan Sen and Kijun Sen, up (center).


Wrap:   
Index nudges up - weekly candle is still a Doji.




Looking Forward into this Week:

All Signals favor Bulls, the last Doji saw most signals spike up.
Bears having forced so many Dojis, would hope for a dip to the Kumo.
Heading to the 162% Fibonacci ($67) with the current momentum would be the Bull way.


Wrap:
 
Bears hope for life below the Tenkan Sen (Blue line).
Bulls seek a close above $67. 




Monday, December 11, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Channel Top Stop? - Start of Week 2 of December 2017.





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



Learning from the Earlier Study: (click here for the previous post)

Index returns at Channel top.
Bulls maintain Higher Highs and Higher Lows with a red Week.
All Ichimoku Signals continue to favor Bulls.

Wrap: 
Index struggles to clear the 262% Fibonacci retrace of the last major High-Low and the Channel Top.



Looking forward into this Week:

Bulls would seek to break above the 262% Fibonacci.

Bears want to use current resistance to start the trip to below the Kijun Sen (Red Line)
Getting another red candle using the channel top and Fibo resistance, is the Bear Plan. 


Wrap:
Index above support -  362% Fibo, is the Bull plan.
Bears pray for red, and life below the previous range.



CAC 40 (Europe Paris) - Ichimoku Weekly Study - Resistance Holds - Start of Week 2 of December 2017







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



Learning from the Earlier Study: (click here for the previous post)

Index fails near the resistance at the Tenkan Sen (Blue line), once again.

Chikou Span, again plays peek a boo with the Price Line (left).

Wrap: 

Bulls maintain the Higher High. Index almost breaks range.
 



Looking Forward into this Week:


Cross (left) of the Chikou Span, to clear above the Price Line, will give the advantage to the Bulls.

Tenkan Sen (Blue) and Kijun Sen (red line) is current range, to break out / break below from.

Wrap:

Bears after holding the range, seek to get the index below the Kijun Sen (red line).
Bulls after making a Higher High, seekt the next Fibonacci level after clearing the Tenkan Sen.




Nifty (Asia India) - Ichimoku Weekly Study - A Bullish Harami - Start of Week 2 of December 2017





Zoom into chart .. Click


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

Learning from the Earlier Study: (click here for the previous post) 


Index fails to make the target zone 10500, once again, but produces a Bullish Harami.

Bears manage a minor wave Lower High, last week's candle makes a lower low.
Index closes above the Blue Tenkan Sen Support line.


Wrap:
Index closes above the Blue line (Tenkan Sen), produces a Bullish Harami.





Looking Forward into this Week:


Bulls seek to defend the red Kijun Sen, and a stop a fall towards the Kumo.

Bears seek to make another minor wave Lower High and head below the Kijun Sen (red line).
Bulls want to make a Higher High a new ATH and maintain the major wave 'Higher High Higher Low'.


Wrap: 
Bulls intend to keep above the Tenkan Sen and reach the 162% Fibonacci (10500+) as marked

Bears hope to make another minor wave, lower high and target life below the red line.