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Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Brent, stops exactly at the 162% Fibonacci projection ($86.76), off the Channel.
Bears, dive to near the Channel bottom ($70.37 or Fibonacci 0%).
Chikou Span (left) at the Price line.
Bears, dive to near the Channel bottom ($70.37 or Fibonacci 0%).
Chikou Span (left) at the Price line.
NEXT
Distance between the blue line (Tenkan Sen) and red line (Kijun Sen), should narrow further, next week, leading to the possibility of a Bullish deflection or Bearish Cross.
Bulls seek Support at Fibonacci 0% and some ranging inside Channel.
Bears aim for the Kumo and then $63.
Bears aim for the Kumo and then $63.
WRAP
Bears after a precise stop and dive to where it began, see more red.
Bulls seek Support and consolidation at the Channel Bottom.
