Saturday, April 2, 2016

Brent Crude Oil - Ichimoku Study - Kijun Sen Fold - Week 1 of April 2016.

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

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

Bears keep index below the Kijun Sen #W2.
Gap between Tenkan Sen and Kijun Sen, reduces #W2.
Chikou Span turns shy of the Price line #W1

Index is currently oscillating between the Kijun Sen and Tenkan 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.


Longs wish for a Tenkan Sen - Kijun Sen Bullish Cross and  Bears want the Chikou Span away from the Price line #W2,