Saturday, December 16, 2017

Brent Oil - Ichimoku Weekly Study - Doji days- Week 3 of December 2017.

Zoom into chart .. Click

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

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

Index makes another, even longer Doji and comes close to the target $67.
Senkou Span A and B, rise (right extreme). Chikou Span way above the Price line (left).
Tenkan Sen and Kijun Sen, up (center).

Index nudges up - weekly candle is still a Doji.

Looking Forward into this Week:

All Signals favor Bulls, the last Doji saw most signals spike up.
Bears having forced so many Dojis, would hope for a dip to the Kumo.
Heading to the 162% Fibonacci ($67) with the current momentum would be the Bull way.

Bears hope for life below the Tenkan Sen (Blue line).
Bulls seek a close above $67.