SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Marubozu - Week 1 of June 2017.

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

 


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

Bulls stay well above the 'Tenkan Sen' and the Fibonacci 113% of the last major Range. 
Senkou Span A & B  start to converge (see KUMO/cloud extreme right). 
The candle produced last week was a Marubozu.

Wrap:
Bulls make another 'All Time High', and a 'Bullish Marubozu' (google it). 




Looking Forward into this Week:

Bears hope that the Senkou Span A & B convergence, can result in some downside. 
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.
Marubozu is good for the Bulls.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 10500+.
Bears, hope to get the index below the Tenkan Sen (blue line) and aim for sub 5050 levels.

Brent Crude Oil - Ichimoku Weekly Study - Kumo Holds again - Week 1 of June 2017.

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

 


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

Bears after defending the defending the 61.8% Fibonacci retrace of the last Major Hi-Lo, crash index back to the Kumo.

Bulls taking support at the Kumo, also ensure a Short wave 'Higher Low'  in sync with the Large wave Higher Low at the Kumo.

Chikou Span (white) is at the price line (extreme left).

Wrap:   

Index turns at the critical Fibo 61.8% and takes support a the Kumo.

Looking Forward into this Week:

Chikou Span could run below the Price Line - unless Price spikes (extreme left).

Bearish cross  of the Kijun Sen (red) & Tenkan Sen (blue) now looks tenuous.
Senoku Span A&B 'stand off' gives hope to Bulls (extreme right).

Wrap: 

Bulls after stopping at the Kumo twice, look for a Higher High.

Bears seek life inside the Kumo.

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Higher High - Week 5 of May 2017.

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

Index takes off from Support at the Tenkan Sen (Blue) to resistance at the 113% of the Last Minor High Low (as above).

New  All Time High made.

Wrap: 
Bulls after making a Higher Low, make a Higher High.

Looking forward into this Week:

Bears seek to hold the 113% to get back in the game.

Bulls after taking off from the Tenkan Sen, have  momentum to spare.

Index Support and Resistance possibilities are marked as above. 

Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Bears need to make the next Low, a lower low, defending 113% Fibo is first. 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Doji below 113% - Week 5 of May 2017.

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

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

Index makes a Doji candle below the marked Fibonacci 113% (of the Last major 'High Low') and on the August 2015 High as marked.
Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Bulls defend the August 2015 High with the weekly action showing Indecision (Doji). 
 



Looking Forward into this Week:

Bears hope to get below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.
Senkou Span A&B way apart - favors Bulls.

Wrap:
Hopeful Bears want a Double Top and life below the August 2015 High (Center).
Bulls look to trend along, all the way to the 162% Fibonacci retrace.. 

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Tenkan Sen takes it above 113% - Week 5 of May 2017.

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

 


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

Bulls bounce off the 'Tenkan Sen' to clear the Fibonacci 113% of the last major Range. 
Senkou Span A & B  start to converge (see extreme right). 
The Tenkan Sen (blue) was again Support, from which, the Index launched itself, to this new high.

Wrap:
Bulls make another 'All Time High', clearing the Fibo 113%. 




Looking Forward into this Week:

Bears hope that the Senkou Span A & B convergence, can result in some downside. 
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 9600+.
Bears, hope to get the index below the Tenkan Sen (blue line) and aim for sub 7070 levels.