Nifty (Asia India) - Ichimoku Weekly Study - Below the Blue - Week 3 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) 

Index after the High Wave (indecision) at the 141% Fibonacci of the last major Hi Lo, dives below the Tenkan Sen (Blue line- Center).
Bulls close near support at the 127% Fibonacci and above the Kijun Sen (Red - centre).

Wrap:
Bulls find support around the 127% Fibonacci, Bears break index below the Tenkan Sen, after a 30 week run, above it.




Looking Forward into this Week:

Bulls seek to use the current support to get back above the Tenkan Sen (blue - centre).
Bears look to continue withe the momentum, pushing for a move of the index below Fibo 127%.

Wrap: 
Bulls slipping below the 'Tenkan Sen', after a 30 week, run above it,  seek to return to trend, by making this a Higher Low.
Bears need to continue weekly below the Tenkan Sen (blue line @9797) to stay in the game.

Brent Crude Oil - Ichimoku Weekly Study - Star - Week 3 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 Three candles show a Doji Star.
Index blocked by the Kumo Top and the 61.8% Fibonacci as marked above (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 Doji Star, right at the Kumo Top.

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', with a Doji Star at 61.8% and a High wave candle (indecision) helps Bears.

Wrap: 

Hopeful Bulls, look to hold the large wave 'Higher Low' and  make a Smaller wave 'Higher High'.

Bears seek a fall to the Kumo bottom, after the Bearish Senkou Span A & B cross (right) with the Doji Star at 61.8% ($53) last week.