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Saturday, October 31, 2015

China - SSEC - Ichimoku Study - Kumo Consolidates - Week 1 of November 2015.







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


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


Chikou Span slips below the Kijun Sen #W1.

Bulls potter around in the Kumo, after moving above the Tenkan Sen #W2. 
Senkou Span A & B, stay crossed Bearishly and rise together #W3.


Wrap: 

Despite the bearish Senkou Span cross, Index hangs on above the Tenkan Sen, and in the Kumo #W3.
Bears make the Chikou Span slip below the Kijun Sen #W1.




Looking Forward into this Week:


Bearish Senoku Span Cross is active (
Its called a 'Neutral' Bearish cross, because it occurred when the index was on Neutral territory i.e inside the Kumo) #W2.
Bulls seek to use the support at the Tenkan Sen, to break out of the Kumo #W2,.
Bears see the Chikou Span's dip, as a vote to get below the Kumo #W1.



Wrap:
Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.
Bulls seek life above the Kumo after this consolidation W2 .

Brent Crude Oil - Ichimoku Study - Throwback Hold - Week 1 of November 2015.






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



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

Index bounces off support after the Throwback with a green week - a rising Tenkan Sen Holds the Bulls at bay #W2.

Chikou Span points towards the Price line again #W1.
Gap between the Senkou Span A & B, narrows a bit #W3.
Gap between Tenkan Sen and Kijun Sen, also reduces #W2.


Wrap: 

Index lifts off support with a green week after the Throwback #W2. 

Bears get the index to close exactly below a rising Tenkan Sen #W2.


Looking Forward into this Week:


Tenkan Sen going up and crossing, to above the Kijun Sen is something the Bulls look forward to #W2.
Chikou Span reaching the Price line is good for Bulls #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.


Wrap:

Resuming the up-move #W2, and taking out the Tenkan Sen is the next Bull ask.
Bears look to keep the index below the Tenkan Sen, failing which, keep it well below the Kijun Sen #W1.


Say....