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Saturday, August 13, 2016

Brent Crude Oil - Ichimoku Weekly Study - Support ! - Week 3 of August 2016.






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


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

Bulls pip above
the Tenkan Sen, while still in the Kumo #W2. 
Chikou Span ticks up, above support at the Kijun Sen #W1,
Senoku Spans A and B, are crossed Bullishly #W3. 

Wrap: 
Support at the Kijun Sen gives the Bulls another green week #W2.
 



Looking Forward into this Week:


Bulls hope the Kijun Sen support, will see Price heading up, out of the Kumo #W2.
Keeping the the Chikou Span above the Kijun Sen, and the Senoku Span 'A' above the Senoku span 'B' is a Bull priority #W3.
Bears need to break below the Tenkan Sen, Kumo Top Resistance should help #W2.


Wrap:
Bears aim to get below the Tenkan Sen, then hope to head to the Kumo bottom 
#W2.
Bulls seek more green and life clear above the Kumo #W2.