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Saturday, November 21, 2015

China - SSEC - Ichimoku Study - Kumo Rise - Week 4 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 rises slowly with the rise mapped on the Kumo #W2.

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

Wrap: 

Despite the (neutral) Bearish Senkou Span cross, Index moves higher along with the Kumo #W3.
Bears restrict the rise, to just 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 use the Chikou Span's action and Tenkan Sen support, to wise inside the Kumo #W1 & #W2.

Wrap:
Bears struggle for a resumption of the down trend, after the Senoku Span Cross #W3.
Bulls seek life above the Kumo after the steady up-move W2 .

Brent Crude Oil - Ichimoku Study - Higher Low - Week 4 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)

Bears take the index deeper down, towards the last bottom - Bulls hold it to a higher low #W2.

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


Wrap: 

Bears moving the index towards the last bottom for a retest, ,make a higher low for now #W2. 




Looking Forward into this Week:


Tenkan Sen going up and crossing, to above the Kijun Sen is something the Bulls hope for #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.
Chikou Span deflecting off the Price line earlier, now gives good gains to the Bears #W1.


Wrap:

Returning after a Double Bottom, and taking out the Tenkan Sen #W2, is the next Bull hope.
Bears look to keep the index below the Tenkan Sen, and keep seeking deeper levels.


Say....