Learning from last Week: (click here for the previous post)
Patterns:
Bulls get the '3 Outside up' #WeekChart1, and make it back above our weekly support. 8666.
Support & Resistance:
Weekly 5 EMA was the support, resistance was felt at the previous top (around 8700) #DayChart1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.
Indicators:
The STC legs up to the 76% Fibonacci retrace #MonthChart2.
Wrap:
Bulls climb higher with a '3 Outside up' #WeekChart1
Bears stop the Bulls using the resistance near the recent top #DayChart1.
Looking forward into this Week:
Patterns:
'3 Outside up' Pattern (Study Links here, here or elsewhere), is active, on the Medium Term Chart #WeekChart1. Bears hope its a 'Double Top' Pattern (Link)
Support & Resistance:
Middle Tyne of the Fork on the Day chart is the resistance to beat #DayChart1. The Wall (link) for August i.e. 8666 is the Support, that the Bulls would want to stay above.
Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart1.
Indicators:
The MACD is below its MA and the histogram is ticking below zero - good for bears #Daychart2.
Wrap:
Bulls, look to the 'Three Outside Up' to get to a new ATH #WeekChart1. Bears seek life below the Wall (8666).
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls get green above the Kijun Sen, while still in the Kumo #W2.
Chikou Span ticks up, above support at the Kijun Sen #W1,
Senoku Spans A and B, are crossed Bullishly #W3.
Wrap:
Support at the Kijun Sen gives the Bulls a green week #W2.
Looking Forward into this Week:
Bulls hope the Kijun Sen support, will see Price heading up, out of the Kumo #W2.
Keeping
the the Chikou Span above the Kijun Sen, and the Senoku Span 'A' above
the Senoku span 'B' is a Bull priority #W3.
Bears need to break below the Kijun Sen #W2.
Wrap:
Bears aim for the kumo bottom #W2.
Bulls pray for more green and life above the Kumo #W2.
Learning from last Week: (click here for the previous post)
Patterns:
Index makes a red Doji last week, 'Three White Soilders' Pattern works for the Bears #WeekChart1.
Support & Resistance:Weekly Fork's middle Tyne was again Support #WeekChart1. The Middle Tyne of the Fork on the Daily Chart, was resistance again #DayChart1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.
Indicators:
The STS is in the oversold #DayChart2.
Wrap:
Bears use the 'Three White Soilders' Pattern, to curtail the action to a red Doji last week #WeekChart1. Bulls keep it above the fork center #WeekChart1
Looking forward into this Week:
Patterns:
'Three White Soilders' Pattern (Study Links here, here or elsewhere) is active on the Medium Term Chart #WeekChart1.
'Bearish Harami Cross' (Study Links here, here or elsewhere) is active on the Medium Term Chart #WeekChart1.
Support & Resistance:
Middle Tyne of the Fork on the Day chart is the resistance to beat #DayChart1. Middle Tyne of the Fork on the Weekly chart is the first support #WeekChart1.
Moving Averages:
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen #DayChart1.
Indicators:
TSI clears resistance at the 61.8% mark #MonthChart2.
Wrap:
Bulls, look at making a new and higher ATH #WeekChart1. Bears hope for a Three Inside Down, to help drive the index below the MVWAP 34 #DayChart1.
Learning from last Week: (click here for the previous post)
Patterns:
Bulls Engulf the previous week #WeekChart1.
Support & Resistance:
Daily 5 EMA was the support, while the Bottom Tyne of the (old) Day Fork, was resistance as expected #Weekchart1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.
Indicators:
The STC is stuck at the 61% Fibonacci retrace #Monthchart2.
Wrap:
Bulls climb higher and Engulf the previous week #WeekChart1
Bears stop the Bulls using the resistance at the fork #WeekChart1.
Looking forward into this Week:
Patterns:
'Engulfing' Pattern (Study Links here, here or elsewhere), is active, on the Medium Term Chart #WeekChart1. Bulls look for a 'Three Outside Up' (link)
Support & Resistance:
Middle tyne of the (new) Fork on the Day chart is the resistance to beat #DayChart 1. The Wall (link) for August i.e. 8666 is the Support the Bulls would want to stay above.
Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart1.
Indicators:
The STS staying in the oversold is power to the Bulls #Weekchart2.
Wrap:
Bulls, look for another 'Three Outside Up' and then a new ATH #WeekChart 1. Bears seek life below the Wall (8666)
