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Saturday, December 12, 2015

Brent Crude Oil - Ichimoku Study - Lower Lows - Week 3 of December 2015.






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



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

Bears force a lower low after the index tests the previous low #W2.

Gap between the Senkou Span A & B, narrows some more #W3.
Gap between Tenkan Sen and Kijun Sen, steady #W2.

Wrap: 

Bears take the index sharply lower after the retest, Index makes a lower low #W2. 




Looking Forward into this Week:


Bears make a lower low  #W2.

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.
Senoku Span A & B, headed for a cross or deflection with these lines getting closer #W1.


Wrap:

A bullish cross of the Senoku Span A & B #W3, is the next Bull hope.
Bears look to keep the index below the Tenkan Sen, and make lower lows #W2.