Saturday, October 3, 2015

Brent Crude Oil - Ichimoku Study - Doji Hold - Week 1 of October 2015.

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

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

Bears hold the Tenkan Sen with a Doji last week #W2.

Chikou Span flat, as the week was evenly fought #W1.
Gap between the Senkou Span A & B,  wide and steady #W3.
Gap between Tenkan Sen and Kijun Sen, steadies #W2.


Bulls, knock on the Tenkan Sen once again sharing honors for the week #W2. 

Stoic Bears manage defend the Tenkan Sen, with a close just under it #W2.

Looking Forward into this Week:

Chikou Span reaching the Price line, would take a couple of weeks at current rate, this is good for Bears #W1.
Gap between the Senkou Span A & B is wide at #W3 & above the last Price point, making a thick Kumo - and a strong resistance to an up-move, when we get there #W3.
Index closing above the 'Tenkan Sen', is what Bulls are struggling for #W2.


Staying above the previous low, and breaking above the Tenkan Sen #W2, is the Bull ask for the past 5 weeks.
Stoic Bears again defend the Tenkan Sen, with a close just below it #W1.