Saturday, March 26, 2016

Brent Crude Oil - Ichimoku Study - Kijun Sen Hold - Week 5 of March 2016.

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

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

Bears get a red week and move index below the Kijun Sen #W2.
Gap between the Senkou Span A & B, reduces #W3.
Gap between Tenkan Sen and Kijun Sen, reduces #W2.
Chikou Span approaches the Price line #W1

After clearing the Tenkan Sen, index oscillating around the Kijun Sen #W2.

Looking Forward into this Week:

Chikou Span approaching the price line, great for Bulls  #W1.

Winning the battle for the Kijun Sen, now critical for Bulls & Bears #W2.
Cross or deflection of the Tenkan Sen and Kijun Sen is the next action point #W2.


Chikou Span's proximity to the Price line #W1 and battle for the Kijun Sen are what the Bull and Bear camps would focus on this week #W2,