Europe CAC 40 - Ichimoku Study - Kijun Sen Yields - Week 2 of August 2015.

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

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

Index bounce from the Kijun Sen, yields another green week, for the bulls attempting a run to the ATH #W2.
Chikou Span, stays way above the Price line #W1.
Gap between the Senkou Span A & B, steady #W3.
Gap between the Tenkan Sen and Kijun Sen narrows #W3.


Wrap: 
Bulls get more out of the bounce from the Kijun Sen #W2. 
Despite the Tenkan Sen - Kijun Sen cross, Bears fail to get the index lower #W2.


Looking Forward into this Week:


Bulls need to keep the Chikou Span well above the Price line, to keep their advantage #W1.
Index closing above the Kijun Sen and Tenkan Sen, (both strong supports last week) is good for Bulls #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support to come #W3.
Tenkan Sen and the Kijun Sen still in a bearish cross (Its called a 'Weak Bearish cross because it occurred when the index was Bullish i,e above the Kumo) - Bears still in the hunt #W2.


Wrap:
Index staying above the Tenkan Sen #W2, and Chikou Span above the Price line #W1, good reason for a Bull run to the ATH.
Taking advantage of the Bearish Cross of the Tenkan Sen & Kijun Sen while it lasts #W2,, is the Bear hope.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bull Crux - Week 2 of August 2015.

Learning from last Week: (click here for the previous post)

 

Patterns:

• The Index takes off from the August Wall (8424) to retest the Right Shoulder of a possible Head & Shoulder formation on the Day Charts #D1.

Support & Resistance:

• Index takes off from Support at the August Wall (8424), and runs into resistance around the last high (RS) on the Day Chart #D1.

Moving Averages: 

• The critical 5 EMA and 13 SMA, are crossed bullishly on all three screens.

Indicators:

• On the Day chart, MACD is at its MA, histogram ticks into zero #D2.

Wrap:

Dominant Bulls are at a crux, but well above all the MAs that we track.
Bears put their trust on a possible H&S reversal #W1.

Looking Forward into this Week:

Patterns:

• H&S pattern on the Day Chart is a possibility worth a study #D1 (Study Links here, here or elsewhere) - Neckline for activation of the pattern is currently around 7900 (edited).

Support & Resistance:

• Bulls have support  at the S1 of the month pivot (8346) #M1, Resistance is at the same pivot's R1 (8686) #M1.

Moving Averages: 

• The Death Cross is active as long as the 50 SMA stays below the 200 SMA - gap between these MAs, is again flat this week #D1.

Indicators:

• Bulls hope that the TRD would take off upwards, after settling above the 50% mark last couple of months #M2.

Wrap :

Bears hope that a journey to 8346 (edited) would start, with a close below the daily 13 SMA (8494 for Monday) #D1.

Bulls, above all the MAs that we track, want to continue upwards, from the RS to the ATH (All Time High) #D1.

China SSEC - Ichimoku Study - Holding Lows - Week 2 of August 2015.

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

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

Chikou Span steadies above the Price line #W1.
Bulls find some life and hold index above last month's low #W2.
Gap between the Senkou Span A & B  steady #W3.
Gap between the Tenkan Sen and the Kijun Sen also steady #W2.


Wrap: 
After the Bearish Kijun Sen Cross, Bears fail to take out the previous low, Bulls get a green week after defending last month's low.


Looking Forward into this Week:


Index closing below the Kijun Sen (its called a 'weak bearish signal' as it occurred when the index was Bullish i,e. above the Kumo) works for the Bears #W2.
Bears need to get the Chikou Span below the Price line, to maintain edge #W1. 
Gap between the Senkou Span A & B staying wide, makes a thick Kumo and a strong support for the Bulls, when they get there #W3.
Gap between the Tenkan Sen and the Kijun Sen steady -  bullish deflection or bearish cross still on #W2.


Wrap:
Getting back above the Tenkan Sen and Kijun Sen #W2, priority for Bulls.
Bearish cross of the Tenkan Sen and Kijun Sen #W2 along with close below last month's low is what the Bears want.

Brent Crude Oil - Ichimoku Study - The Lows - Week 2 of August 2015.

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

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

Chikou Span's bearish cross below the Index - produces a long red candle #W1.
Bulls fight to close above the Jan'15 low, after all signals go red - manage to hold the lows.
Gap between the Senkou Span A & B  wide and steady #W3.
Tenkan Sen and the Kijun Sen, stay crossed bearishly #W2.


Wrap: 
Bulls find all Signals against them, manage to hold around the last major low last week. 
Bears yet to enforce a significantly lower low, after all signals turn in their favour #W2.


Looking Forward into this Week:


Chikou Span can slide just below the Index, along the price line keeping the Bearish cross and pressure on any up-move #W1.
Index closing below the 'Kijun Sen', works well for the Bears (its called a 'strong bearish signal' as it occurred when the index was Bearish i,e below the Kumo) #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong future resistance for Bulls #W3.
Tenkan Sen and the Kijun Sen make a Bearish cross - Bulls yearn for a Bullish re-cross next #W2.


Wrap:
Defending the recent lows of the Index, with a green week, is what the Bulls would focus on, this week.
Dominant Bears seek significantly lower lows.

Say....