Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span slides down lower, but above support at the Kijun Sen #W1.
Index stays red, still trapped in the Kumo #W2.
Kijun Sen just below the price line inside the Kumo #W2.
Senoku Spans A and B, are crossed Bullishly #W3.
Wrap:
Bears use the Kumo top as resistance, index continues to yo yo down, with another red week #W2 and a lower low.
Looking Forward into this Week:
Bulls hope the Kijun Sen support, will see Price heading up out of the Kumo #W2.
Keeping
the the Chikou Span above the Kijun Sen, and the Senoku Span 'A' above
the Senoku span 'B' is a Bull priority #W3.
Bears need to break below the Kijun Sen #W2.
Wrap:
The Kijun sen is the support the Bulls need for a bounce back, Bears aim for the kumo bottom #W2, and a lower high.
Learning from last Week: (click here for the previous post)
Patterns:
Index makes yet another new All Time High (ATH) with help from the Medium Term 'Three Outside Up', Support at the Weekly Fork, Lifts the Bulls #WeeklyChart 1.
Support & Resistance:Weekly Fork's middle Tyne was Support #WeeklyChart 1. The Middle Tyne of the Fork on the Daily Chart, was resistance again #Daychart 1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.
Indicators:
The STS is in the oversold #DayChart 2.
Wrap:
Bulls use the 'Three Outside up' to get to another 'new' ATH #WeeklyChart 1
Bears manage to stop the Bull run at the Day Fork #WeeklyChart 1.
Looking forward into this Week:
Patterns:
'Three White Soilders' Pattern (Study Links here, here or elsewhere) is active on the Medium Term Chart #WeeklyChart 1.
Support & Resistance:
Middle Tyne of the Fork on the Day chart is the resistance to beat #Dailychart 1. Middle Tyne of the Fork on the Weekly chart is the first support #WeeklyChart 1.
Moving Averages:
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen #Dailychart 1.
Indicators:
TSI clears resistance at the 61.8% mark #MonthChart 2.
Wrap:
Bulls, look at making a new and higher ATH #WeeklyChart 1. Bears seek to use the current resistance, to drive the index below the MVWAP 34 #Dailychart 1
Learning from last Week: (click here for the previous post)
Patterns:
Bears keep the action below the Bottom Tyne of the Day Fork #DayChart 1. Bulls despite a red week, hold the previous week's gains #WeeklyChart 1.
Support & Resistance:
Daily MA 13 was the support, while the Bottom Tyne of the Fork on the Day Chart, was resistance as expected #Daychart 1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.
Indicators:
The STC is stuck at the 61% Fibonacci retrace #Monthchart 2.
Wrap:
Bulls use the 'Three Outside up', to bulid on their higher high #WeeklyChart 1
Bears manage a red week using the resistance at the fork #DayChart 1.
Looking forward into this Week:
Patterns:
'Three Outside up' Pattern (Study Links here, here or elsewhere), is active after decent gains, on the Medium Term Chart #WeeklyChart 1
Support & Resistance:
Bottom tyne of the Fork on the Day chart is the resistance to beat #DayChart 1. The Weekly MA 5, is the first Support #WeeklyChart 1.
Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart 1.
Indicators:
The STS staying in the oversold is power to the Bulls #Weeklychart 2.
Wrap:
Bulls, look at continuing to the ATH #WeeklyChart 1. Bears seek to use the current resistance, to drive the index below 8400 (the weekly MA 5 #Weeklychart 1).
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span slides down, but above support at the Kijun Sen #W1.
Index goes red, still trapped in the Kumo #W2.
Kijun Sen slips neatly into the Kumo #W2.
Senoku Spans A and B, are crossed Bullishly #W3.
Wrap:
Bears use the Kumo top as resistance and start an yo yo, with a red week #W2.
Looking Forward into this Week:
Bulls hope the Kijun Sen action will see Price breaking out above the Kumo #W2.
Keeping
the the Chikou Span above the Kijun Sen, and the Senoku Span 'A' above
the senoku span 'B' is the bull need now #W3.
Bears need to use the Kumo as resistance zone and get a move below it #W2.
Wrap:
A Kumo break out is what the Bulls want to enforce #W2, Bears see the index yo-yoing down the Kumo.
Learning from last Week: (click here for the previous post)
Patterns:
Index moves up to a new All Time High (ATH) with help from the Medium Term 'Three Outside Up' #WeeklyChart 1. Resistance at the confluence of the Forks (Weekly and Daily charts) halts the up move #Dailychart 1.
Support & Resistance:
Daily EMA 5 was the support, while the Middle Tyne of the Fork on the Daily Chart, was resistance as expected #Dailychart 1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.
Indicators:
The STS is in the oversold #Dailychart 2.
Wrap:
Bulls use the 'Three Outside up' to get to a new ATH #WeeklyChart 1
Bears manage to stop the Bull run at the fork #Dailychart 1.
Looking forward into this Week:
Patterns:'Three Outside up' Pattern (Study Links here, here or elsewhere), is active on the Medium Term Chart #WeeklyChart 1
Support & Resistance:
Middle tyne of the Fork on the Day chart is the resistance to beat #Dailychart 1. The Daily MVWAP 34 is the first Support #Dailychart 1.
Moving Averages:
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen #Dailychart 1.
Indicators:
TSI clears resistance at the 61.8% mark #Monthlychart 2.
Wrap:
Bulls, look at making a new and higher ATH #WeeklyChart 1. Bears seek to use the current resistance, to drive the index below the MVWAP 34 #Dailychart 1
