Saturday, March 21, 2020

Brent Oil - Ichimoku Weekly Chart Study - Triangle Breakdown and Inv. H&S neckline support - Week 4 of March 2020.





Investing.com
 
chart > 
Click

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


Brent has broken down from a Triangle pattern and is aiming for the Triangle target.

It took support for a week or so at the extended neckline of a inverted head and shoulders pattern.

Rest of the details are in tweets as above.



Saturday, December 7, 2019

Nifty (Asia India) - Weekly Study - Week 2 of Decemberr 2019 - Reached All Time High..more Highs?



Follow up of eaarlier Blog Post..see post below...

http://tradertradertrader.blogspot.com/2019/10/nifty-asia-india-weekly-study-week-4-of.html



Suggested Possiblities..

Possible (Bullish) Cypher Pattern seen on the Nifty Weekly Chart as above.

However this pattern can form if Nifty reaches Point C.

Point C is exactly at the All Time High.

Probability currently at 33%.



Current Scenario..


Point C is reached !!!



Future Possibilities...


Point D can be reached and pattern completed.

Probability currently at 49% (up from 33%).

Higher Highs are made.

Probability currently at 51%.




Saturday, August 3, 2019

Nifty (Asia India) - Ichimoku Weekly Study - All Time High to a Harmonic Cypher? - Week 1 of August 2019





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



PAST

Nifty 50, falls hard from the All Time High.
Lands on the Kumo in a perfect touchdown.
Chikou Span (white line - see left) touches the price line.



NEXT

Bulls seek to stay above the Kumo support.
Last week's candle dipping below 'B' heightens the possibility (with probability now at 50%) of a run towards 'D' and a possible (Bullish) Cypher Pattern.
Bulls using current supports, pray they can avoid more red and need to get back above the Red and Blue lines (which would cross each other bearishly next week).




WRAP


Bulls, battered and bruised, pray for a green candle next.
Bears, seek more red on the screen and a dive to point 'D' (10456) as marked above.