Brent Crude Oil - Ichimoku Weekly Study - Higher High - Week 1 of November 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 after a 'Three Outside Up' pattern makes a Higher High.

Senkou Span A and B, turn up and diverge bullishly (right extreme). 

Chikou Span deflects neatly off the Price line (left).

Tenkan Sen and Kijun Sen, turn up and diverge bullishly (center).

Wrap:   

Index makes an Three Outside Up pattern above support, Target in sight..

Looking Forward into this Week:

All Signals favor Bulls.

Keeping above the 61.8% Fibonacci (Of this year's Hi and Lo) and reaching $62 is the Bull plan.
Throw back to the Kumo, is still an expectation of the Bears.

Wrap: 

Bears hope for a 'Throwback', from resistance near the target.

Bulls seek to keep the advantage with the Three Outside Up, for move towards $62. 

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - ATH - Start of Week 4 of October 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 stays way above support (i.e. Tenkan Sen - blue line) and Clears the Fibo 227%.

Bulls maintain Higher Highs and Higher Lows and close just below the Channel resistance.
Index makes a 'Closing White Marubozu', up above all the Ichimoku Signals.

Wrap: 
Index makes a  'Closing White Marubozu', above Support i.e. the Tenkan Sen (blue line - 2503) with another ATH. 

Looking forward into this Week:

Bulls now seek to head towards the 262% Fibonacci.
Bears need to get below the Kijun Sen (Red Line) to make a lasting  impact.

Getting a red candle to start with, is the Bear Plan. 

Wrap:
Index above support at 2503 -  Another New All Time High; is the Bull plan.

Bears pray for a red Candle, and resistance near the Channel Top.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Higher High? - Start of Week 4 of October 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 stays above the Tenkan Sen (Blue) and Kijun Sen (red) and halts at channel resistance.
Tenkan Sen (Blue) and Kijun Sen (red line) close and flat - in for a cross or deflection.
Chikou Span, heads for the Price Line (left).

Wrap: Index above all the signals on the screen - still locked inside a 'Broadening Top Pattern'  as marked.
 



Looking Forward into this Week:

Deflecting (left) of the Chikou Span and Price Line gives advantage to the Bulls.
Failure to make a High above the May 2017 High, is Bear Hope.
Tenkan Sen (Blue) and Kijun Sen (red line) deflecting - good for Bears.

Wrap:
Bears seek to get the index below the Tenkan Sen (blue), want the Chikou Span to Cross below the Price line.
Bulls after maintaining the Higher Low, seek to make a Higher High (above the May 2017, high).

Nifty (Asia India) - Ichimoku Weekly Study - Broadening Top - Start of Week 4 of October 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 takes off above the Tenkan Sen (blue line), and reaches BT Channel Resistance. 
Bulls retain honors for a Higher High and Higher Low (by a whisker).
The Index returns from the Top Channel pf the Broadening Top (BT) with a red candle.


Wrap:
Index takes off above the Tenkan Sen and reaches the BT Channel Resistance Line.




Looking Forward into this Week:

Bulls want to keep up the momentum and  reach the 162% Fibonacci, after the higher high and higher low.
Bears need to make a Lower Low and break the Kijun Sen (red line).
The Broadening Top Pattern has different probabilities for Bulls and Bears.

Wrap: 
Bulls intend to keep above the Tenkan Sen and reach the 162% Fibonacci (10521).
Bears seek life below the Kijun Sen with help from the Resistance line.

Brent Crude Oil - Ichimoku Weekly Study - High Wave - Week 4 of October 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 after an Engulfing pattern above support (Tenkan Sen - blue line), makes a 'Three Outside Up' pattern with a High Wave Candle.

Senkou Span A and B, diverge bullishly (right extreme). 

Chikou Span deflects off the Price line (left).

Tenkan Sen and Kijun Sen, diverge bullishly (center).

Wrap:   

Index makes an Three Outside Up pattern above support, Double Top in progress...

Looking Forward into this Week:

Mostl Signals favor Bulls, Bulls push for the Chikou Span deflection at the Price line, to continue.

Keeping above the 61.8% Fibonacci (Of this year's Hi and Lo) and reaching $62 is the Bull plan.
Throw back to the Kumo, is still possible with the High Wave candle and Double top: That's the Bear Hope.

Wrap: 

Bears hope for a 'Throwback', with help from the Double Top, High Wave Candle & resistance at the previous high.

Bulls seek to keep the advantage with the Three Outside Up. and support at the blue Tenkan Sen, for move towards $62.