Saturday, April 9, 2016

Brent Crude Oil - Ichimoku Weekly Study - Kijun Sen Cross - Week 2 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)

Bulls use support from near the Tenkan Sen, to zap the index above the Kijun Sen #W2.
Gap between Tenkan Sen and Kijun Sen,steady #W2.
Chikou Span turns towards the Price line #W1

Index firmly above the Kijun Sen #W2.

Looking Forward into this Week:

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

Keeping the index above the Kijun Sen, next hot role for Bulls #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 do not want the Chikou Span crossing the Price line #W2,