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Saturday, September 10, 2016

Brent Crude Oil - Ichimoku Weekly Study - Sticky Kumo - Week 3 of September 2016.

 






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


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

Index makes a Doji last week as it attempts to get out of the Kumo (unsuccessfully)
#W2. 
Chikou Span ranges, searching - under the Kumo resistance #W1,
Bulls again manage to close above the Tenkan Sen and stay in the spot light #W2. 

Wrap: 
Kumo gravity holds back the Bulls, closes above the Tenkan Sen  #W2.
 



Looking Forward into this Week:


Bulls see the index getting to above the Kumo and clearing the last high #W2.
Bears push to go lower, down Kumo #W2.

Chikou Span seeks the Price line or the Kumo #W1.


Wrap:
Bears aim to get below the Tenkan Sen, going down the Kumo
#W2.
Bulls seek a life, above the Kumo and the last high #W2.

Say..