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Monday, February 29, 2016

Brent Crude Oil - Ichimoku Study - Tenkan Sen! - Week 1 of March 2016.





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


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

Bulls score with close above the Tenkan Sen #W2.

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

Wrap: 

Index closes above the Tenkan Sen #W2.




Looking Forward into this Week:


Chikou Span starts towards the price line  #W2.

Staying above the Tenkan Sen, the bulls get some life #W3.
Bears look to get back dominance, with plunge below the Tenkan Sen #W2.


Wrap:

Bears look to move below the Tenkan Sen, and get back in the game #W2.
Breaking the 17 week stay below the Tenkan Sen #W2, Bull Hopes look up.