Europe CAC 40 - Ichimoku Study - Kumo Squeeze - Week 3 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 stay above the Kumo and even touch the Tenakan Sen, only to end with a weak red candle, last week #W2.

Chikou Span points up, at the Tenkan Sen, staying below the Price line #W1.

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

Gap between the Tenkan Sen and Kijun Sen narrow, but steady #W3.

Wrap: 

Bulls keep above the Kumo, and make another unsuccessful attempt, at closing above the Tenkan Sen #W2. 

Bears manage another red candle last week #W2.

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 staying above the Kumo, gives the Bulls hope #W2.

Price candles are squeezed near the Kumo, giving the Bulls and Bears little empty space to float in  #W2.

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

Wrap:

Bulls and Bears face a squeeze for space - its either into the Kumo or clear out above the Tenkan Sen-Kijun Sen - other signals being evenly balanced #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Green Shoot ? - Week 3 of September 2015.

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

 

Patterns:

• The Head & Shoulder formation, gives lower lows for the Bears #W1 - however Bulls get a green week as they shoot off off the Day Channel's Bottom #D1.

Support & Resistance:

• The 76.4% Fibo retrace shown on the EOM #M1 was support as studied.   The 13 SMA on the EOD was resistance #D1.

Moving Averages: 

• The critical 5 EMA and 13 SMA, are crossed bearishly, on all three Screens, for the past few weeks.

Indicators:

• On the Month chart, TRD at the Fibonacci 38.2% mark #M2.

Wrap:

Bears make a lower low but fail to stay below the Day Channel's bottom line #D1.
Bulls hold the index above the monthly Pivot's S1 and claim a green week #D1.

Looking Forward into this Week:

Patterns:

• Bearish H&S pattern reaching target #W1, remains a possibility (Study Links here, here or elsewhere). 

Support & Resistance:

• Bulls again have support at the 76.4% Fibo retrace shown on the EOM #M1, Resistance is at the blue Mid-line of the Day Channel #D1.

Moving Averages: 

• The Death Cross (50 and 200 SMA) is active and thriving #D1.
• The critical 5 EMA crossing above the 13 SMA, and holding there, is critical for Bull Success this week (touch point for Monday is 7869) #D.

Indicators:

• The STS, staying below the oversold line, is good for Bears #W2.

Wrap :

Bears with all screens in their control, look to drive towards the green bottom line of the Weekly Chart #W1. 
Bulls after the bounce from the Day channel's bottom, seek a bullish cross of the 5 EMA & 13 SMA  on the EOD Screen  #D1.

China SSEC - Ichimoku Study - Kumo Rise - Week 3 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 produce a green candle kicking off at the rising Kumo,  #W1.
Chikou Span turns up below the Price line #W1.

Gap between the Senkou Span A & B, narrow to touch point, steady #W3.

Wrap: 

After the bearish Chikou Span cross, Index again finds support at the Kumo #W1.

Bulls use the rising Kumo to go green #W2.

Looking Forward into this Week:

Bearish Chikou Span Cross (its called a 'weak bearish signal' as it occurred when the index was Bullish i,e. above the Kumo) in danger of a re-cross #W2.
Bears now need to get the Price line to close in the Kumo, to keep dominance of this screen #W1. 

Gap between the Senkou Span A & B at #W3, is near closing - a Bullish Deflection or Bearish Cross Possible.

Wrap:

A Bearish Senoku Span cross and a weekly close inside the Kumo #W3, are what the Bears need to achieve to keep their advantage.

Getting back above the Tenkan Sen #W2, with a re-cross by the Chikou Span, to above the Price line #W1, is the Bull strategy for a coup.

Brent Crude Oil - Ichimoku Study - Tenkan Sen Skirmish - Week 3 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)

After the index made a Lower low and Higher High (May 2015) #W1, #W2 - Bulls and Bears have a skirmish at the Tenkan Sen #W2.
Chikou Span points down away from the Price line again #W1.
Gap between the Senkou Span A & B,  wide and steady #W3.
Gap between Tenkan Sen and Kijun Sen, widens - they remain crossed bearishly #W2.


Wrap: 
Bulls, with all Signals against them, fight back and paint a green week #W2. 
Bears successfully defend the Tenkan Sen, winning the skirmish again last week #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.
Index closing above the 'Tenkan Sen', is the next Bull hope #W2.


Wrap:
Staying above the previous low, and winning the skirmish at the Tenkan Sen #W2, is the next Bull task.
Dominant Bears seek more red weeks.

Say....