Europe - CAC 40 - Ichimoku Study - Kumo zone 2 - Week 2 of December 2015.

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

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

Bulls get back into the Kumo, Chikou Span stays below the Price line #W1. 

Tenkan Sen and Kijun Sen, make a bullish (edited) cross #W2..
Senoku Span A & B, separate #W3.

Wrap: 

Bulls lose advantage as index slides inside the Kumo #W2.
Bears allow a Bullish Tenkan Sen - Kijun Sen Cross (edited) #W2.

Looking Forward into this Week:

Chikou Span crossing above the Price line, is the current Bull ask #W1.

Index is now vacillating in and out of the Kumo, Bulls now see resistance at the Senoku Span A #W2.

Cross of the Senoku Span A & B is the next event, that the Bears hope for #W3.

Wrap:

Bears look to keep the index in the Kumo and below the Kijun Sen #W2.
Bulls seek get above the Kumo and get the Chikou Span to clear the Price line #W2.

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Shooting Star effect - Week 2 of December 2015.

 

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

Patterns:

• Shooting Star, active on the Long Term Screen #M1 continues to the active in December, as November closes below the October Open (i.e. 7992)

Support & Resistance:

• Last week the Bulls again found support at the Day channel middle #D1. Bears halt the index near the Weekly 13 EMA #W1.

Moving Averages: 

• The critical 5 EMA and 13 SMA, poised to cross Bearishly on the Day Chart #D1.

Indicators:

• On the Day chart the  MACD and its MA poised to cross bearishly, staying below zero, Histogram ticks down #M2.

Wrap:

Bulls take support near at the Day Channel middle line #D1. 
Bears defend the weekly 13 SMA for the second week in a row #W1.

Looking Forward into this Week:

Patterns:

• Shooting Star, is active (Study Links here, here or elsewhere) on the Long Term Screen #M1 for December.

Support & Resistance:

• Index has immediate support at the bottom of the Weekly Channel #W1. Resistance is at the weekly 50 SMA #W1.

Moving Averages: 

• The Death Cross (50 and 200 SMA) is active D1.

Indicators:

• The STS hovers above the oversold, a take off to the Over Bought is the Bull ask #W2.

Wrap :

Bears hope for life below the Week Channel bottom (green) line #W1.
Defending the Day channel mid line #D1, Bulls seek the weekly 50 SMA #W1.

China - SSEC - Ichimoku Study - Tenkan Sen Holds - Week 2 of December 2015.

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

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

Index takes support at the Tenkan Sen, with action around the Kumo #W2.
Chikou Span stayssdips below the Kijun Sen #W1.

Senkou Span A & B, stay crossed Bearishly and rise #W3.

Wrap: 

Index rises and falls, with a rising Kumo #W2.

Looking Forward into this Week:

Bearish Senoku Span Cross is active (Its called a 'Neutral' Bearish cross, because it occurred when the index was on Neutral territory i.e inside the Kumo) #W2.
Bulls seek to keep the index inside the Kumo #W2,.
Bulls continue to need the Tenkan Sen support, for the next rise inside the Kumo #W2.

Wrap:

Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.

Bulls seek life in the Kumo and a steady up-move W2 .

Brent Crude Oil - Ichimoku Study - Testing Lows - Week 2 of December 2015.

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

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

Bulls again hold index to a higher low, after index tests the previous low #W2.
Gap between the Senkou Span A & B, narrows sharply #W3.
Gap between Tenkan Sen and Kijun Sen, widens #W2.

Wrap: 
Bears bring the index to the last bottom for a retest, Index keeps the higher low #W2. 



Looking Forward into this Week:

Bulls hold the last low  #W2.
Gap between the Senkou Span A & B is wide at #W3 & above the last Price point, making a thick Kumo - and a strong resistance to an up-move, when we get there #W3.
Senoku Span A & B, headed for a cross or deflection with these lines getting closer #W1.


Wrap:
Returning after a Double Bottom, and taking out the Tenkan Sen #W2, is the next Bull plan.
Bears look to keep the index below the Tenkan Sen, and take out the previous low #W2.

Say....