Monday, April 24, 2017

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Tenkan Sen Respite - Week 4 of April 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)

Previous week's Shooting Star, gives the Bears, another decent red candle.

Chikou Span (white) points down towards the price line (see extreme left). 
The Tenkan Sen (blue) was the Support.

Wrap:
Bulls dip to support at the Tenkan Sen, below the previous 'All Time High' - after the 'Shooting Star' candle. 




Looking Forward into this Week:


Bulls hope that the support at the Tenkan Sen, would save them the Blushes.
Chikou Span, preferably, needs to point away from the Price line, to keep the Bull move, going.
Bear wish list, sees life below the March 2015 High, and a crash to sub 7070 levels.


Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', seek support at the Tenkan Sen.

Bears plan, to get the index below the Tenkan Sen and dive to the Kijun Sen. 







Brent Crude Oil - Ichimoku Weekly Study - Deliberation Dive - Week 4 of April 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)


Bears fail to negotiate the resistance zone, Index falls below the Tenkan Sen..
Index below the 61.8% Fibonacci retrace of the last major High & Low.
Chikou Span (white) touches the price line (see extreme left).

Wrap:   

Index below the Tenkan Sen after it fails to clear resistance zone - last 4 candles indicate 'Deliberation' and Fall. 



Looking Forward into this Week:


Bears would want to keep Index below the Tenkan Sen(blue) and get the Chikou Span below the Price line.
Bulls,  now just above the Kijun Sen - hope to take off, to above the Tenkan Sen.
With a Higher Low @ Kijun Sen, Bulls look to manage a Higher High above the recent resistance zone.

Wrap: 

Deliberating Bulls fail to make a clear breakout from resistance zone.
Bears wish to crack the Kijun sen and send the index back towards the Kumo.





Monday, April 17, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Fall to Support - Week 3 of April 2017.























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Learning from last Week:  (click here for the previous post)

Index falls to Support at the 1.62 extension as marked above.
Following a Piercing Pattern the Index has fallen to a major Support Line once again.

Wrap: 

The Index pulls back to the 1.62 extension of the last major High-Low and Bears fail to crack the support.




Looking forward into this Week:

Bears hope to crack  below this Support at the 1.62 extension.
Bulls seek Higher Highs, with help from the Piercing  Pattern and off current support.
Index Support and Resistance possibilities are marked as above. 


Wrap:
Bulls hope for Higher Highs taking off from current support at the 1.62 Fibonacci.
Bears plan to sustain the downward momentum, seek to change the trend









CAC 40 (Europe Paris) - Ichimoku Weekly Study - Dragon Fly Effect - Week 3 of April 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 goes red after the Dragon Fly Doji Candle - which now looks like an an Evening Star.

Index is at a Higher High and above all indicators.
Chikou Span (White) dips towards Price line (extreme left).

Wrap:
Index dips from highs after the Doji - now the pattern resembles an Evening Star.

 



Looking Forward into this Week:


Bears see hope for some red and a retest of Supports.
Bulls maintain Higher High - Higher Low.

Senkou Span A&B maintain their distance.

Wrap:


Bulls look to bounce off the Tenkan Sen and maintain higher lows.
Hopeful Bears look to the Evening Doji Star, for life below the Tenkan Sen (Center).