Tuesday, February 13, 2018

Gold Futures CFD - 'Weekly Technical Analysis' - Higher Highs and red & blue supports - Week 3 of February 2018.

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


Index makes a Higher High and a Double Top, then falls to support at the Blue line.
Chikou Span is near the Price line and as of now has deflected off it.


Bulls after making a Larger Wave Higher High by clearing 1363, seek to improve on the High.
Bears hope to get below the red and blue support lines and make a lower low, below the Kumo.


1414+ and life above the red and blue supports, is the Bull plan.
Bears seek a lower low (sub 1238) below the Fibonacci 61.8%.