Brent Crude Oil - Ichimoku Weekly Study - Hangman Pop - Week 4 of August 2017.

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

 


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

Last on the screen is a Hangman Candlestick at the Kumo Top (centre).
Senkou Span A and B, stay crossed Bearishly (right extreme). 

Chikou Span between the Blue and Red lines and below the Price line (left).

Wrap:   

Index makes a Hangman candle, still near the Kumo Top and above the red and blue supports.

Looking Forward into this Week:

Chikou Span getting above the Price line is now the Bull hope (left).

Clearing the 61.8% and heading to the 127% (centre) is the next Bull Need.
Senkou Span A&B, Bearish 'cross' (right) helps Bears.

Wrap: 

Hopeful Bulls, look to hold the large wave 'Higher Low' and  POP out of the Kumo.

Bears look to HANG out near the Kumo bottom, defending the resistance ($53) of the last few weeks.