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Saturday, November 7, 2015

China - SSEC - Ichimoku Study - Confluence Support - Week 2 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 takes support at the Confluence of the rising Tenkan Sen and Senoku Span B #W2.

Chikou Span moves above the Kijun Sen #W1.
Senkou Span A & B, stay crossed Bearishly and rise together #W3.


Wrap: 

Despite the bearish Senkou Span cross, Index sees green, above the Tenkan Sen, while in the Kumo #W3.
Bears restrict the action, to inside the Kumo #W2.




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.

Bears seek to keep the index inside the Kumo #W2,.
Bulls see the Chikou Span's action and Tenkan Sen support, as a vote to get above the Kumo #W1 & #W2.



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 and up-move W2 .


Brent Crude Oil - Ichimoku Study - Hedged- Week 2 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 hedged between the lower support line and the upper Tenkan Sen all of last week #W2.

Chikou Span points down with last week's red on the screen #W1.
Gap between the Senkou Span A & B, narrows a bit #W3.
Gap between Tenkan Sen and Kijun Sen, also reduces #W2.


Wrap: 

Index bounces between the same support and resistance last week - advantage Bears #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 flitting apart from the Price line for an extended time, works for the 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.


Wrap:

Resuming the up-move, and taking out the Tenkan Sen #W2, is the next Bull ask.
Bears look to keep the index below the Tenkan Sen, and seek deeper levels next.


Say....