Tuesday, June 27, 2017

Nifty (Asia India) - Ichimoku Weekly Study - Evening Star Options - Week 4 of June 2017.






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Introduction / Primer to Ichimoku can be read at this link (
click).
 
We have shifted this study to CNX Nifty 50 (India) from from SGX Nifty 50 (Singapore)

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

Bulls stay well above the 'Tenkan Sen' even as two red weekly candles show the impact of the 'Evening Star' (google 'Evening star candle')

Bulls fail to break above the 127% Fibonacci of the last major Hi Lo.

Wrap:
After the recent Evening star, Bears get a second Red Candle, Bulls hold recent lows.





Looking Forward into this Week:


Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.

'Evening Star' effect, has been good for the Bears.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 127%.

Bears, hope to get the index below the Tenkan Sen (blue line) with help from the 'Evening Star'. 







Monday, June 26, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Hi Wave @ 2458 - Week 4 of June 2017.







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Learning from last Week:  (click here for the previous post)


Index turns  back from resistance at 2458 - and makes a High Wave candle last week.
2458 is a confluence of two Retraces, 162% and 200% as seen above.
Indecisive Bulls made a High Wave candle last week.

Wrap: 

Bulls after returning from 2458, seem undecided.




Looking forward into this Week:

Bears seek to defend 2458, to get back into the game.
Bulls after taking off from the Tenkan Sen, need to clear 2458 to keep the current trend.
Index Support and Resistance possibilities are marked as above. 


Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Once successful, Bears seek to keep it below 2458


CAC 40 (Europe Paris) - Ichimoku Weekly Study - Support up - Week 4 of June 2017.







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



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

Index tests the border of the Island, and moves up. Tenkan Sen spikes higher.

Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Tenkan Sen spikes above the index,  Bears again fail to make an 'Island Reversal'. 

 



Looking Forward into this Week:


Bears hope to stay below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.

Senkou Span A&B way apart - favors Bulls.

Wrap:

Hopeful Bears want a an Island  Reversal (google it) and index below the Tenkan Sen.
Bulls look to trend along, keeping above the Island gap.. 



Saturday, June 24, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life 3 - Week 4 of June 2017.






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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 in the Kumo - Bulls slow the fall near the Kumo Bottom. Senkou Span A and B converge.
Bulls keep the Large wave 'Higher Low', Bears continue the Short wave 'Lower High : Lower Lows'.
Chikou Span (white) touches the Kumo (extreme left).

Wrap:   
Index remains in the  the Kumo (center). Chikou Span touches the Kumo (left). Senkou Span A & B converge (right)



Looking Forward into this Week:

Chikou Span bounce at the Kumo is the bull ask (left).
Price Support at the Kumo Bottom is also the Bull hope (center).
Senkou Span A&B 'convergence' gives power to Bears (right).



Wrap: 
Bulls look to hold the large wave 'Higher Low' and Kumo Bottom Support to catapult the Index out of the Kumo (center).
Bears seek a Large Wave 'Lower Low' and life below the Kumo with a Bearish Senkou Span A and B cross (right)







Tuesday, June 20, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - 2458 again - Week 3 of June 2017.








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Learning from last Week:  (click here for the previous post)

Index after its take off from Support at the Tenkan Sen (Blue) nears resistance at 2458.
2458 is a confluence of two Retraces, 162% and 200% as above.
Bulls make a green candle last week, showing intent and strength to take on 2458.

Wrap: 

Bulls after making a Higher High, erase the 'Three inside down' option.




Looking forward into this Week:

Bears seek to hold down 2458, to get back into the game.
Bulls after taking off from the Tenkan Sen, need to clear 2458 to keep the current trend.
Index Support and Resistance possibilities are marked as above. 


Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Bears seek to keep it below 2458




Monday, June 19, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Island Stays - Week 3 of June 2017.








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



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

Last Week the Index made a huge 'High Wave' candle, testing the border of the Island.

Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Bulls defend the Tenkan Sen,  Bears fail to make an 'Island Reversal'. 

 



Looking Forward into this Week:


Bears still hope to stay below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.

Senkou Span A&B way apart - favors Bulls.

Wrap:

Hopeful Bears want a Double Top and an Island  Reversal (google it).
Bulls look to defend the Tenkan Sen and trend along.. 




SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - 3 Inside Down?! - Week 3 of June 2017.







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


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

Bulls stay well above the 'Tenkan Sen' even the Bearish Harami tends towards a 'Three Inside Down' pattern.

Senkou Span A & B  close but flat (extreme right). 
Bears fail to break below  the Green Candle's Low yet (see last three candles)

Wrap:
Bears get second Red Candle, Bulls hold recent lows.





Looking Forward into this Week:


Bears hope that the Senkou Span A & B will cross bearishly. 
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.

A completed 'Three Inside Down', is good for the Bears.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 127%.

Bears, hope to get the index below the Tenkan Sen (blue line) with a 'Three Inside Down'. 





Saturday, June 17, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life 2 - Week 3 of June 2017.







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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 in the Kumo - Bulls stop the fall near last week's lows.
Bulls keep the Large wave 'Higher Low', Bears continue the Short wave 'Lower High : Lower Lows'.
Chikou Span (white) runs below the Price Line (extreme left).

Wrap:   
Index enters the Kumo after the Bearish, 'Chikou Span' and 'Kijun Sen - Tenkan Sen' crosses.



Looking Forward into this Week:

Chikou Span is far from the Price Line - needs a steep climb to touch it (extreme left).
Bearish cross  of the Kijun Sen (red) & Tenkan Sen (blue) firms as their distance widens.
Senoku Span A&B 'stand off' gives hope to Bulls (extreme right).



Wrap: 
Bulls look to hold current lows and the large wave 'Higher Low' to get the Index out of the Kumo.
Bears seek a Large Wave 'Lower Low' and life below the Kumo.




Monday, June 12, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - High Wave - Week 2 of June 2017.








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Learning from last Week:  (click here for the previous post)

Index after its take off from Support at the Tenkan Sen (Blue) nears resistance at 2458, and makes a red High Wave / Harami last week.
2458 is a confluence of two Retraces, 162% and 200% as above.

Wrap: 

Bulls after making a Higher High, makes an inside week and a High Wave Candle.




Looking forward into this Week:

Bears seek to make it a 'Three Inside Down' (google it) to get back into the game.
Bulls after taking off from the Tenkan Sen, need to clear 2458 to keep the current trend.
Index Support and Resistance possibilities are marked as above. 


Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Bears seek to keep it below 2458 and make a Bearish Three Inside Down (weekly)






CAC 40 (Europe Paris) - Ichimoku Weekly Study - Support @ Tenkan Sen - Week 2 of June 2017.








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



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

Last Week the Index made a red Hanging Man candle, just at the August 2015 High as marked.

Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Bulls defend the Tenkan Sen,  Bears produce a red week. 

 



Looking Forward into this Week:


Bears hope to get below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.

Senkou Span A&B way apart - favors Bulls.

Wrap:

Hopeful Bears want a Double Top and life below the gap.
Bulls look to defend the Tenkan Sen and trend along.. 





SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - 3 Inside Down? - Week 2 of June 2017.






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


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

Bulls stay well above the 'Tenkan Sen' even as Bears Produce a Harami.

Senkou Span A & B  start to converge (extreme right). 
Bears counter the Bullish Green Marubozu with a small red candle producing in net a Harami.

Wrap:
Bulls make another 'All Time High', but end up making a Bearish Harami
 (google it). 




Looking Forward into this Week:


Bears hope that the Senkou Span A & B convergence, can result in some downside. 
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.

Bearish Harami, if it results in a 'Three Inside Down', is good for the Bears.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 127%.

Bears, hope to get the index below the Tenkan Sen (blue line) with a 'Three Inside Down'. 








Saturday, June 10, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life - Week 2 of June 2017.





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


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

Bears take index into the Kumo - Bulls hold the index near the Kijun Sen (Monthly).
Bulls keep the Large wave 'Higher Low', Bears continue the Short wave 'Lower High : Lower Lows'.
Chikou Span (white) runs below the Price Line (extreme left).

Wrap:   
Index enters the Kumo after the Bearish, 'Chikou Span' and 'Kijun Sen - Tenkan Sen' crosses.



Looking Forward into this Week:

Chikou Span is far from the Price Line - needs a steep climb to touch it (extreme left).
Bearish cross  of the Kijun Sen (red) & Tenkan Sen (blue) still looks tenuous.
Senoku Span A&B 'stand off' gives hope to Bulls (extreme right).



Wrap: 
Bulls look to hold current supports and the large wave 'Higher Low' to get the Index out of the Kumo.
Bears seek a Large Wave 'Lower Low' and life below the Kumo.




Tuesday, June 6, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - 2458 - Week 1 of June 2017.






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Learning from last Week:  (click here for the previous post)

Index after its take off from Support at the Tenkan Sen (Blue) clears resistance at the 113% of the Last Minor High Low (as above) - to reach the 141% retrace.
2458 is a confluence of two Retraces, 162% and 200% as above.

Wrap: 

Bulls after making a Higher High, held back by the 141% retrace.




Looking forward into this Week:

Bears seek to hold the 141% to get back into the game.
Bulls after taking off from the Tenkan Sen, need to clear 2458 to keep the current trend.
Index Support and Resistance possibilities are marked as above. 


Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Bears seek to keep it below 2458





Monday, June 5, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - High Wave @ Old High - Week 1 of June 2017.






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



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

Last Week the Index made a High Wave candle, just at the August 2015 High as marked.

Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Bulls defend the August 2015 High with the weekly action showing Indecision (High Wave). 

 



Looking Forward into this Week:


Bears hope to get below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.

Senkou Span A&B way apart - favors Bulls.

Wrap:

Hopeful Bears want a Double Top and life below the August 2015 High (Center).
Bulls look to defend the Island Gap and trend along.. 






SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Marubozu - Week 1 of June 2017.







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


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

Bulls stay well above the 'Tenkan Sen' and the Fibonacci 113% of the last major Range. 

Senkou Span A & B  start to converge (see KUMO/cloud extreme right). 
The candle produced last week was a Marubozu.

Wrap:
Bulls make another 'All Time High', and a 'Bullish Marubozu' (google it). 




Looking Forward into this Week:


Bears hope that the Senkou Span A & B convergence, can result in some downside. 
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.

Marubozu is good for the Bulls.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 10500+.

Bears, hope to get the index below the Tenkan Sen (blue line) and aim for sub 5050 levels.