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Monday, March 14, 2016

Brent Crude Oil - Ichimoku Study - Kijun Sen Stop - Week 3 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)

Bears defend the Kijun Sen #W2.

Gap between the Senkou Span A & B,reduces #W3.
Gap between Tenkan Sen and Kijun Sen, reduces #W2.
Chikou Span approaches the Price line #W1


Wrap:
After reaching the Kijun Sen the index retreats #W2.



Looking Forward into this Week:


Chikou Span approaching the price line, great for Bulls  #W1.

Staying above the Tenkan Sen, Bulls keep hopes up #W2.
Bears need to keep the index below the Kijun Sen #W2.


Wrap:

Bears look to defend the Kijun Sen #W2.
Bull would fire the index at the Kijun Sen #W2, and the Chikou Span at the Price line #W1.