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Saturday, March 26, 2016

Brent Crude Oil - Ichimoku Study - Kijun Sen Hold - Week 5 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)


Bears get a red week and move index below 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, index oscillating around the Kijun 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:

Chikou Span's proximity to the Price line #W1 and battle for the Kijun Sen are what the Bull and Bear camps would focus on this week #W2,