Tuesday, August 15, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Support 2448 - Week 3 of August 2017.







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




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

Index dives below support at Tenkan Sen (2448)
. 
Bulls keep the Higher Low in the series of minor Higher Highs and Higher Lows seen.


Wrap: 
Bulls take a dive below the 213% Fibonacci, of the last Major Hi-Lo.



Looking forward into this Week:

Bulls now seek to close above the Tenkan Sen - 2448
. 

Bears hope to get below the Kijun Sen (Red Line)
Defending the Higher Low is the Bull plan. 


Wrap:
Bulls need life above 2448.
Bears seek to keep the index below the Tenkan Sen and  then make a lower low.





CAC 40 (Europe Paris) - Ichimoku Weekly Study - Range Break - Week 3 of August 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 breaks below the Range (centre) between the Tenkan Sen (Blue) and Kijun Sen (red).

Senkou Span A & B converge (right).
Chikou Span, near the Price Line (left).

Wrap:
Index breaks below the Kijun Sen. 

 



Looking Forward into this Week:


Bulls want to keep the Chikou Span (Left) above the Price Line and get Price back in range.

Senkou Span A&B converging (Right) - favours Bears.
A deflection or cross of the Tenkan Sen and Kijun Sen (Centre) - gives direction next.

Wrap:

Bears seek to keep the index below the Kijun Sen and headed for the Kumo.
Bulls seek to keep the Chikou Span above the Price Line and make this a Higher low by keeping the action above 4980.



Monday, August 14, 2017

Nifty (Asia India) - Ichimoku Weekly Study - Below the Blue - Week 3 of August 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 after the High Wave (indecision) at the 141% Fibonacci of the last major Hi Lo, dives below the Tenkan Sen (Blue line- Center).
Bulls close near support at the 127% Fibonacci and above the Kijun Sen (Red - centre).

Wrap:
Bulls find support around the 127% Fibonacci, Bears break index below the Tenkan Sen, after a 30 week run, above it.





Looking Forward into this Week:


Bulls seek to use the current support to get back above the Tenkan Sen (blue - centre).

Bears look to continue withe the momentum, pushing for a move of the index below Fibo 127%.

Wrap: 
Bulls slipping below the 'Tenkan Sen', after a 30 week, run above it,  seek to return to trend, by making this a Higher Low.

Bears need to continue weekly below the Tenkan Sen (blue line @9797) to stay in the game.








Brent Crude Oil - Ichimoku Weekly Study - Star - Week 3 of August 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)

Last Three candles show a Doji Star.
Index blocked by the Kumo Top and the 61.8% Fibonacci as marked above (centre).
Senkou Span A and B, stay crossed Bearishly (right extreme). 
Chikou Span between the Blue and Red lines and below the Price line (left).

Wrap:   
Index makes a Doji Star, right at the Kumo Top.




Looking Forward into this Week:

Chikou Span getting above the Price line is now the Bull hope (left).
Clearing the 61.8% and heading to the 127% (centre) is the next Bull Need.
Senkou Span A&B, Bearish 'cross', with a Doji Star at 61.8% and a High wave candle (indecision) helps Bears.



Wrap:
 
Hopeful Bulls, look to hold the large wave 'Higher Low' and  make a Smaller wave 'Higher High'.
Bears seek a fall to the Kumo bottom, after the Bearish Senkou Span A & B cross (right) with the Doji Star at 61.8% ($53) last week.