Saturday, November 18, 2017

Brent Oil - Ichimoku Weekly Study - Above support - Week 4 of November 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 follows last week's  'Opening white Marubozu', with a red weekly candle.
Senkou Span A and B, up bullishly (right extreme). 
Chikou Span turns towards the Price line (left).
Tenkan Sen and Kijun Sen, up bullishly (center).


Wrap:   
Index goes red after an 'Opening white Marubozu', above support at $62.x




Looking Forward into this Week:

All Signals currently favor Bulls.
Getting  below support and heading towards the Kumo is the Bear plan.
Heading to the 162% Fibonacci ($67) with the current momentum would be the Bull way.


Wrap:
 
Bears hope for a 'Throwback', to the Kumo.
Bulls hope to retain the advantage, keeping above support, for continuation move towards $67. 






Monday, November 13, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Bears get a red week - Start of Week 3 of November 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 stays way above support (i.e. Tenkan Sen - blue line) and below the channel top as marked.
Bulls maintain Higher Highs and Higher Lows but end up with a Red Week.
All Ichimoku Signals favor Bulls.

Wrap: 
Index trades a red candle, but above Support i.e. the Tenkan Sen (blue line) with another ATH



Looking forward into this Week:

Bulls again seek to reach the 262% Fibonacci.

Bears need to get below the Kijun Sen (Red Line) to make a lasting  impact.
Getting another red candle and getting below the Tenkan Sen, is the Bear Plan. 


Wrap:
Index above support -  Another New All Time High; is the Bull plan.
Bears pray for more red and life below 2550.






CAC 40 (Europe Paris) - Ichimoku Weekly Study - Dive to Support Zone? - Start of Week 3 of November 2017.





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Click 



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



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

Index stays above all Ichimiku Supports.

Tenkan Sen (Blue) crosses above the Kijun Sen (red line).
Chikou Span, slips below the Price Line (left).

Wrap: 

Bulls consolidate the Higher High. Bears score with a Red Week.
 



Looking Forward into this Week:


Cross (left) of the Chikou Span and Price Line gives advantage to the Bears.

Bears now hope for a retreat to below, the blue Tenkan Sen Line.
Tenkan Sen (Blue) and Kijun Sen (red line) crossing, puts pressure on Bears.

Wrap:

Bears after slowing the momentum, and getting red on the screen, seek to get the index below the Kijun Sen (red line).
Bulls after making a Higher High, want the next Fibonacci level.






Nifty (Asia India) - Ichimoku Weekly Study - Target Zone retreat - Start of Week 3 of November 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 retreats at the target zone 10500. 

Bulls retain Higher High and Higher Low.
Current Support, the Tenkan Sen moves up - index above support.


Wrap:
Index retreats near target zone, the Fibonacci 162% (of last major Hi Lo) marked above
.




Looking Forward into this Week:


Bulls want to restart the momentum and  reach the 162% Fibonacci, after the higher high and higher low.

Bears seek to make a Lower Low and head towards the Tenkan Sen (blue line).
The Bears expect the index to get shy near the target and hope for a red week. 

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

Bears hope the deliberation in the Target Zone, turns into a full fledged fall..