China SSEC - Ichimoku Study - Kumo Saves again - Week 2 of September 2015.

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

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

Bulls get another save, at the Kumo #W1.
Chikou Span stays below the Price line #W1.

Gap between the Senkou Span A & B, narrows to touch point #W3.

Wrap: 
After the Bearish cross of the Tenkan Sen and Kijun Sen #W2 previously, Index confirms a bearish Chikou Span cross #W1.
Bulls find a repeat support at the Kumo #W2.

Looking Forward into this Week:

Bearish Tenkan Sen & Kijun Sen Cross (its called a 'weak bearish signal' as it occurred when the index was Bullish i,e. above the Kumo) works well for the Bears #W2.
Bears now need to get the Price line back in the Kumo, to keep dominance of this screen #W1. 

Gap between the Senkou Span A & B at #W3, is near closing - possibility of a Bullish Deflection or Bearish Cross, keeps Bulls and Bears on call.


Wrap:

A Bearish Senoku Span cross and a weekly close inside the Kumo #W3, are what the Bears hope to achieve this week.

Getting back above the Tenkan Sen #W2, with a re-cross by the Chikou Span, to above the Price line #W1, is the priority for Bulls.

Brent Crude Oil - Ichimoku Study - Tenkan Sen Rejection - Week 2 of September 2015.

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

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

After the index made a Lower low and Higher High (May 2015) #W1, #W2 - Bulls reach up to the Tenkan Sen as hoped #W2.
Chikou Span points down away from the Price line #W1.
Gap between the Senkou Span A & B,  wide and steady #W3.
Gap between Tenkan Sen and Kijun Sen, widens - they remain crossed bearishly #W2.


Wrap: 
Bulls, with all Signals against them, touch the Tenkan Sen and face rejection #W2. 
Bears defend the Tenkan Sen effectively #W2.



Looking Forward into this Week:


Chikou Span reaching the Price line, would take a couple of weeks at current rate, this is good for Bears #W1.
Gap between the Senkou Span A & B is wide at #W3 & above the last Price point, making a thick Kumo - and a strong resistance to an up-move #W3.
Tenkan Sen & Kijun Sen, are in a Bearish cross, the gap between them is widening - Bull's hope for a re-cross, fading fast #W2.
Index closing above the 'Tenkan Sen', is the next Bull hope #W2.


Wrap:
Staying above the previous low, and closing above the Tenkan Sen #W2, is the next Bull task.
Dominant Bears seek more red weeks, and an even wider gap between the 'Tenkan Sen and the Kijun Sen'.