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Saturday, April 2, 2016

Brent Crude Oil - Ichimoku Study - Kijun Sen Fold - Week 1 of April 2016.







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


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


Bears keep index below the Kijun Sen #W2.
Gap between Tenkan Sen and Kijun Sen, reduces #W2.
Chikou Span turns shy of the Price line #W1


Wrap:
Index is currently oscillating between the Kijun Sen and Tenkan Sen #W2.



Looking Forward into this Week:


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

Winning the battle for the Kijun Sen, now critical for Bulls & Bears #W2.
Cross or deflection of the Tenkan Sen and Kijun Sen is the next action point #W2.


Wrap:

Longs wish for a Tenkan Sen - Kijun Sen Bullish Cross and  Bears want the Chikou Span away from the Price line #W2,