Saturday, November 14, 2015

China - SSEC - Ichimoku Study - Kumo reists - Week 3 of November 2015.







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


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


Index taking off from support at the Confluence of the Tenkan Sen and Senoku Span B, gets turned back at the Senoku Span A #W2.

Chikou Span stays above the Kijun Sen #W1.
Senkou Span A & B, stay crossed Bearishly and rise together #W3.

Wrap: 

Despite the bearish Senkou Span cross, Index moves above the Tenkan Sen, while in the Kumo #W3.
Bears restrict the rise, to just inside the Kumo #W2.




Looking Forward into this Week:


Bearish Senoku Span Cross is active (
Its called a 'Neutral' Bearish cross, because it occurred when the index was on Neutral territory i.e inside the Kumo) #W2.

Bears seek to keep the index inside the Kumo #W2,.
Bulls see the Chikou Span's action and Tenkan Sen support, as a vote to break out of the Kumo #W1 & #W2.

Wrap:
Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.
Bulls seek life above the Kumo after this consolidation and up-move W2 .

Brent Crude Oil - Ichimoku Study - Double Bottoms - Week 3 of November 2015.






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



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

Bears take the index deeper down, towards the last bottom #W2.

Chikou Span points down with last week's red on the screen #W1.
Gap between the Senkou Span A & B, steady #W3.
Gap between Tenkan Sen and Kijun Sen, reduces #W2.


Wrap: 

Bears holding the advantage, move the index towards the last bottom for a retest #W2. 




Looking Forward into this Week:


Tenkan Sen going up and crossing, to above the Kijun Sen is something the Bulls look forward to #W2.
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, when we get there #W3.
Chikou Span deflecting off the Price line earlier, now gives good gains to the Bears #W1.


Wrap:

Returning after a Double Bottom, and taking out the Tenkan Sen #W2, is the next Bull hope.
Bears look to keep the index below the Tenkan Sen, and keep seeking deeper levels.



Say....