Nifty (Asia India) - Ichimoku Weekly Study - ATH - Start of Week 2 of January 2018

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Introduction & Primer to Ichimoku can be read at this link > click.

 

PAST

Index takes support at the 162% Fibonacci as it makes a new ATH.

Index keeps above the Blue Tenkan Sen Support line making a Pinbar.

NEXT

Bulls seek to use the current strength to make a dash to another new All Time High (11200+).

Bulls want to make another Higher High, a new ATH and maintain the major wave 'Higher High - Higher Low'.

WRAP

Bulls seek to use current signals, to keep above the Tenkan Sen and target the 200% Fibonacci (11200+) as marked.

Bears hope to get below the blue line.

BitCoin, BTC/USD - Ichimoku Chart Study - Support at Blue line - Intra-week 2 of January 2018.

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PAST

BitCoin falling from the All Time High, takes support at the blue Tenkan Sen (see center)
Chikou Span (White line..see left) way above the Price line, Bullish.

The Kumo flattens (Green and Pink border...see right) while currently Bullish.

NEXT

Support at the Blue Tenkan Sen or Red Kijun Sen expected this week.

Bears like the two long candles sets, which make a lower High.

Bulls would want to keep above the current low near the blue line, and go on to make a higher high.

WRAP

Bears hope for life below the Tenkan Sen (Blue line) to reinforce the lower High.

With current momentum, Bulls seek to take out the All Time High and make a Higher High. 

Brent Oil - Ichimoku Weekly Chart Study - $67+ - Week 2 of January 2018.

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PAST

Index heads for the next target of $71+, reaches $ 68 last week.

All signals favored the Bulls last week.

Index spent last week around the 127% Fibonacci retrace of the 'Last Bottom to Jan'2017 High'.

NEXT

All Signals expected to favor Bulls.

Bears, sense hesitation in last week's 'Deliberation' candle.

Heading to the 141% Fibonacci ($71+) with the current momentum would be the Bull way.

WRAP

Bears hope fatigue will lead to life below the Tenkan Sen (Blue line).

With another record close in recent times, Bulls seek to keep above $67. 

Nifty (Asia India) - Ichimoku Weekly Study - Starry Highs - Start of Week 1 of January 2018

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

Index reaches target 10500+, with the 'Three Inside up'.
Index keeps above the Blue Tenkan Sen Support line but make a double top.


Wrap:
Index makes it to 10500+ with help from the Three Inside up candle pattern.



Looking Forward into this Week:

Bulls seek to use the current strength to make a dash to another new All Time High (11200+).
Bears see faint hope in the Doji of last week becoming an Evening Doji Star.
Bulls want to make another Higher High a new ATH and maintain the major wave 'Higher High - Higher Low'.


Wrap: 
Bulls seek to use current signals, to keep above the Tenkan Sen and target the 200% Fibonacci (11200+) as marked.
Bears hope to use current resistances to target life below the red line.

Brent Oil - Ichimoku Weekly Study - Bingo $67 - Week 1 of January 2018.

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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 hits the target $67.

Senkou Span A and B, rise (right extreme). Chikou Span way above the Price line (left).

Tenkan Sen and Kijun Sen, up (center).

Wrap:   

Index reaches $67 with two (weekly) big green candles.

Looking Forward into this Week:

All Signals favor Bulls, a third big green candle makes a Three White Soldiers pattern.

Bears, seeing the index at significant target hope for resistance.
Heading to the 200% Fibonacci ($72) with the current momentum would be the Bull way.

Wrap: 

Bears hope for life below the Tenkan Sen (Blue line) using the resistance at Fibonacci 162%.

Bulls want a continuation to $72, with a Three White Soldiers pattern.