Saturday, February 10, 2018

Brent Oil - Ichimoku Weekly Chart Study - Stick Sandwich Bears Honey - Week 2 of February 2018.
chart > 

Introduction & Primer to Ichimoku can be read at this link > click.


Index dives to $62 as Bears get their Honey, from the Stick Sandwich Pattern >> Link.
Bulls find support near the Kijun Sen (Red Line).
Brent manages to keep above the 'Higher Low' with this close.


Bulls, pray they can maintain the Higher Low and resume the up-move from here.
Bears, want life below the red line for starters.


Bears hope the momentum of the fall, will lead to more red and life near the Kumo ($50).
Bulls seek to use the current support to get back above the Tenkan Sen (Blue Line).