S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Fibonacci 300 and Throwbacks - Week 4 of June 2018.

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Introduction & Primer to Ichimoku can be read at this link > click.

 

PAST

Index meets resistance at the Fibonacci 300 and goes down for a Throwback (link) to Triangle.

The Chikou Span (left) heads towards the Price line.

NEXT

Bulls need to arrest the fall, and stay above the red Kijun Sen and blue Tenkan Sen support.
Bears seek to take the Throwback into the Triangle and the index below the support lines.

WRAP

Life below the Triangle is the Bear plan.

Bulls seek to complete the Throwback and head back to the Fibonacci 300%.

Nifty (Asia India) - Ichimoku Weekly Study - Triangle Time ? - Week 2 of June 2018

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PAST

Index rises from the Kijun Sen (red line) and meets the top of the Triangle (link) midweek.
Tenkan Sen (blue) crosses above the Kijun Sen (red).

NEXT

Bulls seek a Higher High above the previous High (ATH) - this means cracking the Triangle.

Bears need life below the red line, and need to defend the resistance at Triangle top.

WRAP

Bulls chase the ATH (11703) and a Higher High with a break out of the Triangle Pattern.

Bears, seek life below the red line (10563) after defending the Triangle top.

Brent Oil - Ichimoku Weekly Chart Study - Blue Line Landing - Week 2 of June 2018.

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PAST

Index falls from its recent High of $81.50, ending last week with a Doji.

Brent Oil, drops from resistance at the Fibonacci 162% ($78) to Support, at the Blue line i.e.Tenkan Sen, last week.

NEXT

Bears, after defending the resistance @ $78, now eye the red line at $71.

Bulls plan to revisit the eighties using support at the Blueline.

WRAP

Bears seek more red and landing at the Red line ($71).

Bulls seek to trend on, off support, and reach the next target ($82-$89).