Investing.com chart > Click
Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Brent, pauses at the 162% Fibonacci projection as marked above.
Bears keep it below the KUMO for three weeks.
Chikou Span (left) stays deflected off the Price line - for now.
Bears keep it below the KUMO for three weeks.
Chikou Span (left) stays deflected off the Price line - for now.
NEXT
Bears see resistance at the Kumo and the fall continuing towards the Fibonacci 200%.
Bulls seek to punch through the Kumo and reach $77 above the Kijun Sen (red line).
WRAP
Bears after holding out below the Kumo, see more red.
Bulls after three weeks of consolidation, seek to get into the Kumo and then strike above it towards $77.
