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Saturday, March 5, 2016

Brent Crude Oil - Ichimoku Study - Tenkan Sen Pop - Week 2 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 soar abovethe Tenkan Sen #W2.

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


Wrap:
After reaching the Tenkan Sen the index soars #W2.



Looking Forward into this Week:


Chikou Span approaches the price line  #W2.

Staying above the Tenkan Sen, the bulls get life #W3.
Bears look to keep the index below the Kijun Sen #W2.


Wrap:

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