Nifty (Asia India) - Ichimoku Weekly Study - Kumo Bounce and Previous Lows - Week 5 of September 2018

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

PAST

Index leaves the Support Zone of Kijun Sen and Tenkan Sen and manages a meager bounce off the Kumo (cloud).

Weekly close was just above the previous low of 9952 (Fibonacci 100%).

NEXT

Bulls seek to take support near the Previous low or before the Fibonacci 113%.

With the Blue Tenkan Sen (currently intertwined with the Kijun Sen) falling below the Red Kijun Sen, in the coming week, Bears hope for a Medium Term Trend Change.

WRAP

Bulls with a swathe of red on the screen, look for a bounce back towards the Support Lines (10880).

Bears, seek to close below the Fibonacci 113% and stay below the Kumo.

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - From the 'Double Top', to the 'Cloud' - Week 4 of October 2018.

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

 

PAST

Index after making a 'Double Top' and a 'Three inside down', drops down to the Kumo (cloud).

The 'Chikou Span' (left) is real close, to the Price line.

NEXT

Bulls, seek a bounce off the Kumo. Bears prefer life below the Kumo.
The 'Chikou Span' (left) approaches the Price line for a Bearish Cross or Bullish Deflection.

WRAP

A Double Top and deep dive later, Bears press for a fall below the cloud (2613).

Desperate Bulls pray for a bounce off the Kumo, and life above weekly supports(2767).

Brent Oil - Ichimoku Weekly Chart Study - Channel breakout and Fibonacci Targets - Week 1 of October 2018.

Investing.com chart > Click

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

 

PAST

Index, breaks out of Range and hurtles towards the 162% Fibonacci projection, off the Channel.

Distance between the blue line (Tenkan Sen) and red line (Kijun Sen), reduces.

NEXT

Bears seek to stop the Bull run before the next resistance Fibonacci 162% ($86.76) and then take a dive towards the Channel.

Bulls on a roll, seek to clear the coming resistance and go on to Fibonacci 200%

WRAP

Bears pray for red before $86.76 is reached.

Bulls after a textbook break out, seek $90+