Nifty (Asia India) - Ichimoku Weekly Study - 'Take off' from Kumo - Week 3 of March 2019

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

PAST

Nifty 50, 'takes off' after spending a dozen weeks around the gravitational field of the Kumo (cloud).
Blue line (Tenkan Sen) crosses above Red line (Kijun Sen) bullishly.

Chikou Span (white line - left), touches the price line from below.

NEXT

Bulls aim for 11760, the All Time High (ATH).

Chikou Span ready for Bearish deflection (@11555) or Bullish Cross of the Price line. 

WRAP

Bulls on a roll, seek to make a new All Time High (11760+) after clearing 11555.

Bears, want to slip below the Fibonacci 23.6% (11333) and then throw back to the Kumo.

Brent Oil - Ichimoku Weekly Chart Study - Kumo Resistance & Fibonacci Supports 2 - Week 3 of March 2019.

Investing.com chart > Click

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

 

PAST

Brent, takes Support at the 61.8% Fibonacci projection as marked above.
Bears keep it below the KUMO these past weeks.

Index stops right at the red line (Kijun Sen) at last week's close.

NEXT

Bears see resistance at the Kumo and the Kijun Sen (red line).

Bulls see support at Fibo 61.8% and the rising Blue line (Tenkan Sen). 

WRAP

Bears after holding out below the Kumo, seek a lower low (below $50)

Bulls after weeks of consolidation, seek to get into the Kumo, break above the red line and reach $77.