Europe CAC 40 - Ichimoku Study - Kumo Bounce - Week 1 of September 2015.

Learning from the Earlier Study: (click here for the previous post)

After the Bearish Tenkan Sen - Kijun Sen Cross, Bears dive below the Kumo, and close just above it #W2.

Chikou Span, remains below the Price line #W1.

Gap between the Senkou Span A & B, minuscule #W3.

Gap between the Tenkan Sen and Kijun Sen narrows sharply #W3.

Wrap: 

Bulls after making it halfway to the Kumo last week, have another sharp fall and do well to close above the Kumo #W2. 

Bears again finally take advantage of the Bearish Cross of the Tenkan Sen & Kijun Sen #W2, with a massive fall, but fail to conquer the Kumo on closing basis.

Looking Forward into this Week:

Chikou Span is crossed  below the Price line (Its called a 'Weak Bearish cross because it occurred when the index was Bullish i,e above the Kumo) #W1.

Index coming back to close above the Kumo, gives the Bulls some vigour #W2.

Gap between the Senkou Span A & B around the last Price point is narrow and is getting narrow at W3. This means a thin Kumo - and a weak support for the Bulls for now #W3.

The narrow gap between the Tenkan Sen and the Kijun Sen, good for Bulls, as a re-cross is easier #W2.

Wrap:

Despite the Price bounce off the Kumo, Bears can use the advantage of the recent red on the screen #W1, #W2, to attempt a retake of the Kumo.

Bulls see the Kumo as the major support from where they can aim for the Tenkan Sen #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Neckline Tussle -Week 1 of September 2015.

Learning from last Week: (click here for the previous post)

 

Patterns:

• The Head & Shoulder formation, that we studied for the last few weeks, completes. Index dives below the neckline and closes below the 76.4% Fibonacci retrace drawn on the EOW Screen. 
• Weekly candle resembles a Pin-bar #W1.

Support & Resistance:

• The Index takes support well above the 76.4% Fibo retrace shown on the EOM screen.  The mid-line of the Month Channel #M1, remained as resistance last week.

Moving Averages: 

• The critical 5 EMA and 13 SMA, are crossed bearishly, on all three Screens as of last week's close.

Indicators:

• On the Month chart, TRD slips below the 50% mark #M2.

Wrap:

Bears dive hard to below the neckline of the bearish H&S pattern we were studying, and get control of all three screens mid-week.
Bulls come back, to regain control of the short term screen and close above the daily 5 EMA #D1.

Looking Forward into this Week:

Patterns:

• Bearish H&S pattern succeeding #W1,  is still a possibility (Study Links here, here or elsewhere), control of the 76.4% Fibo retrace (8040), drawn on the EOW screen, is critical this week #W1.
• Studying the Pin-bar on the weekly charts is important (Study Links here, here or elsewhere).

Support & Resistance:

• Bulls have support at the 76.4% Fibo retrace shown on the EOM #M1, Resistance is at the blue Mid-line of the Weekly Channel #W1.

Moving Averages: 

• The Death Cross (50 and 200 SMA) is active and thriving #D1.
• The critical 5 EMA & 13 SMA, on the Week Screen would cross bullishly if the index closes above 8575 this week #W1.

Indicators:

• The STS staying crossed below its MA, and reaching the oversold is good for Bears #W2.

Wrap :

Bulls, look to the pin-bar, to get them going towards 8575 #M1.
Bears despite the pause in momentum, aim to stay below 8040 and drive towards the green bottom line of the Weekly Chart (7333) #W1. 

China SSEC - Ichimoku Study - Kumo Rescue - Week 1 of September 2015.

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the Earlier Study: (click here for the previous post)

Bulls get a rescue bounce, at the Kumo #W1.
Chikou Span gets below the Price line #W1.
Gap between the Senkou Span A & B narrows further #W3.


Wrap: After the Bearish cross of the Tenkan Sen and Kijun Sen #W2, previously, Index sees a bearish Chikou Span cross #W1.
Bulls find support at the Kumo #W2.




Looking Forward into this Week:

Bearish Tenkan Sen & Kijun Sen Cross (its called a 'weak bearish signal' as it occurred when the index was Bullish i,e. above the Kumo) works well for the Bears #W2.
Bears now need to get the Price line back in the Kumo, to keep dominance of this screen #W1. 
Gap between the Senkou Span A & B, around the next few week's candles and at #W3, is relatively narrow - making a thin Kumo and a fragile support for the Bulls.


Wrap:
Closing the week with a Bearish cross into the Kumo #W1, plus an even lower low, is what the Bears hope to do.
Getting back above the Tenkan Sen and Kijun Sen #W2, with a re-cross by the Chikou Span, above the Price line #W1, is the priority for Bulls.

Brent Crude Oil - Ichimoku Study - Higher Highs and Lower Lows - Week 1 of September 2015.

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the Earlier Study: (click here for the previous post)

Bears reply with a lower low to the Bull's Higher High (May 2015) #W1, #W2.
Chikou Span points up, towards  the Price line #W1.
Gap between the Senkou Span A & B,  wide and steady #W3.
Gap between Tenkan Sen and Kijun Sen, narrow - they remain crossed bearishly #W2.


Wrap: 
Bulls, with all Signals against them, fight back and make a green candle #W1, #W2. 
Bears after all signals turn red, in their favour, make significant - lower low #W2.


Looking Forward into this Week:


Chikou Span reaching the Price line, would take a couple of weeks at current rate, this is good for Bears #W1.
Gap between the Senkou Span A & B is wide at #W3 & above the last Price point, making a thick Kumo - and a strong resistance to an up-move #W3.
Tenkan Sen & Kijun Sen, are in a Bearish cross, the gap between them is narrow - Bulls hope for a re-cross next #W2.
Index reaching the 'Tenkan Sen', is the next Bull hope #W2.


Wrap:
Staying above the previous low, and reaching the Tenkan Sen #W2, is the next Bull task.
Dominant Bears seek more red weeks, and a wider gap between the 'Tenkan Sen and the Kijun Sen'.

Say....