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Monday, February 1, 2016

Brent Crude Oil - Ichimoku Study - Tenkan Sen Touch - Week 1 of February 2016.





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


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

Bulls race to Touch the Tenkan Sen with two green candles  #W2.

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

Wrap: 

Index at the Tenkan Sen, Bears put up a precise defense #W2.




Looking Forward into this Week:


Chikou Span has make it half way, from the bottom to the price line  #W2.

Senkou Span A & B, crossing or deflecting helps the Bull or Bear Causes respectively #W3.
Defending the Tenkan Sen, as they have, in the past three months is the bear plan #W2.


Wrap:

Bears look to again defend the Tenkan Sen, and get some red on the screen #W2.
Breaking the 14 week stay below the Tenkan Sen #W2, with a breakout - is the Bull plan.