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Saturday, April 16, 2016

Brent Crude Oil - Ichimoku Weekly Study - Cross Benefits - Week 3 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)


Bulls keep the index above the Kijun Sen #W2.
Gap between Tenkan Sen and Kijun Sen, narrows sharply #W2.
Chikou Span near the Price line #W1


Wrap:
Index keeps to its green run, above the Kijun Sen #W2.



Looking Forward into this Week:


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

Keeping the index above the Kijun Sen, next hot role for Bulls #W2.
Cross or deflection of the 'Tenkan Sen and Kijun Sen', is the next action point #W2.


Wrap:

Bulls wish for a Bullish Cross of the Tenkan Sen and Kijun Sen. #W2.
Bears want to stop the Chikou Span, from crossing the Price line #W2,