TO READ THIS WEEK's POST CLICK HERE...

Saturday, March 19, 2016

Brent Crude Oil - Ichimoku Study - Kijun Sen Pop - 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)

Bulls clear 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 clearing the Tenkan Sen, Bulls take the index in a quick spike to clear the Kijun Sen #W2.



Looking Forward into this Week:


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

Staying above the Kijun Sen, now critical for Bulls #W2.
Bears need to get the index below the Kijun Sen #W2.


Wrap:

Bulls look to defend the Kijun Sen #W2 and aim the Chikou Span at the Price line #W1.
Bears want a red week and life below the Kijun Sen #W2,