Saturday, November 5, 2016
Tuesday, November 1, 2016
India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Stand Off - Week 1 of November 2016.
Learning from last Week: (click here for the previous post)
Patterns:
Index ranges between the neckline of a 'Head and Shoulder' Pattern and the daily 50MA #DaiyChart1 (Chart)
Support & Resistance:
Day Fork's middle Tyne and 50MA were resistances #DayChart1
Index gets support near the H&S neckline and Day Fork's bottom Tyne #DayChart1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13 only on the Month screen #MonthChart1.
Indicators:
The STC stays, well above the 76% Fibonacci retrace #MonthChart2.
Wrap:
Bears again defend the Daily 50MA, Bulls keep above the neckline of the H&S pattern #DayChart1.
Looking forward into this Week:
Patterns:
Head & Shoulder pattern is active on the Day chart (Study links here, here or elsewhere)
Resolution of range between the Day Fork and above the 50MA #DayChart1 determines success of above.
Support & Resistance:
Middle Tyne of the Fork on the Day chart is the first resistance #DayChart1. Neckline of the Head & Shoulder Pattern or Day Fork's Bottom Tyne are the first Supports (Link).
Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart1.
Indicators:
The MACD and its MA are below zero #DayChart2.
Wrap:
Bears look to break below the H&S neckline, while keeping below the Daily 50MA #DayChart1.
Bulls want to break the current down trend, by closing above 8808 after breaking above the 50MA #DayChart1.
Monday, October 31, 2016
US - S&P 500 - Triple Screen 'Technical Analysis' - Bulls Survive - Week 1 of November 2016.
Learning from last Week: (click here for the previous post)
Patterns:
Bears close the index below the Day fork, Bulls manage to close above 2116 #Daychart1, Last week however engulfs the previous week #Weekchart1.
Support & Resistance:
Resistance was at the daily 50MA #DayChart1. Support near the our mark 2116 #Daychart1.
Moving Averages:
The critical EMA 5, is bullishly above the MA13, only on the Month Chart #Monthchart1.
Indicators:
The RSI heads towards the over sold #WeekChart2.
Wrap:
Bears hold the Index below the bottom Tyne of the Day Fork #DayChart1 and make a weekly Engulfing pattern #WeekChart1.
Looking forward into this Week:
Patterns:
'Evening Star' Pattern (Study Links here, here or elsewhere) is active on the Long term charts #MonthChart1.
'Engulfing Pattern' is active on the Weekly Charts (Study Links here, here or elsewhere).
Support & Resistance:
2116 is the support that Bears would want to close the week below. Daily 50MA is resistance #DayChart1.
Moving Averages:
5 EMA on the Week chart i,e, 2140, is the mark, that the Bulls want to stay above, this week #WeekChart1.
Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthChart2.
Wrap:
Bulls after defending 2116, look to close above 2140.
Bears need to close well below 2116 and make a lower low #DayChart1.
Saturday, October 29, 2016
Brent Crude Oil - Ichimoku Weekly Study - Support - Week 1 of November 2016.
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index moves down after facing resistances seen in previous weeks - Tenkan Sen provides exact support #W2.
Chikou Span turns down facing resistance at the Kumo bottom #W1.
Bears defend the recent highs #W2.
Wrap:
Index is stopped by the Chikou Span resistance at the Kumo #W1. Tenkan Sen gives precise support #W1.
Looking Forward into this Week:
Bulls look to make this fall a higher low, so as to maintain the current trend #W2.
Bears want the index below the Tenkan Sen and back in the Kumo #W2.
Kijun Sen (inside the Kumo) is last line of defense for Bulls W2.
Wrap:
Bears look to use fall to get below the Kijun Sen #W2.
Bulls look to make a higher low and keep the up move intact #W2.
Labels:
Brent,
Charts,
Chikou Span,
Commodity,
Crude,
EOW,
Flat,
Gravity,
Ichimoku Kinko Hyo,
Kijun Sen,
Kumo,
Oil,
Senkou Span,
Technical Analysis,
Tenkan Sen,
Week,
Weekly
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