Brent Oil - Ichimoku Weekly Chart Study - Red Line Landing - Week 3 of July 2018.

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

 

PAST

Index drops, after a 'lower High and lower Low'. to take support at the red line (Kijun Sen).

Chikou Span (white line - see left) is on track, for a Bullish Deflection or a Bearish Cross of the Price line.

NEXT

Bears, after reaching the red line at $71, hope to break below it.

Bulls need to take support at the red line and attempt a Higher High.

WRAP

Bears seek more red and break below the Red line ($71).

Bulls seek to take off from support, using some help from the Chikou Span (white line - see left) and get above the Blue line (Tenkan Sen @ $76).

Nifty (Asia India) - Ichimoku Weekly Study - Triangle breakouts and ATHs - Week 3 of July 2018

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

 

PAST

Index breaks upwards from the exact tip of the Triangle (link) and attempts to make a new ATH (All Time High)
Bears defend the ATH and send index back towards the Supports.

NEXT

Bulls seek a Higher High above the previous High (ATH) - for now seeking support at the Fibonacci 179%.

Bears seek more red and life near the Red and Blue lines.

WRAP

Bulls want to clear the ATH (11703) with a Higher High, after the break out from the Triangle Pattern.

Bears, seek a Double Top and life below the red line (10562) after defending the All Time High.