Nifty (Asia India) - Ichimoku Weekly Study - 10500, Three inside up rewards - Start of Week 4 of December 2017

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

 

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

Index touches the target zone 10500, with the 'Three Inside up'.
Bears fail to retain the minor wave Lower High, lower low.
Index keeps above the Blue Tenkan Sen Support line but make a double top.


Wrap:
Index makes it to 10500 with help from the Three Inside up candle pattern.



Looking Forward into this Week:

Bulls seek to use the current strength to make a dash to another new All Time High.
Bears seek to use the 162% Fibonacci resistance and the Double top, to head below the Kijun Sen (red line).
Bulls want to make another Higher High a new ATH and maintain the major wave 'Higher High - Higher Low'.


Wrap: 
Bulls seek to use current signals, to keep above the Tenkan Sen and target the 200% Fibonacci (11200+) as marked.
Bears hope to use current resistances to target life below the red line.

Brent Oil - Ichimoku Weekly Study - Doji and Bump - Week 4 of December 2017.

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

 

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

Index after many Doji weekly candles, makes a long green candle and a close near the target $67.

Senkou Span A and B, rise (right extreme). Chikou Span way above the Price line (left).

Tenkan Sen and Kijun Sen, up (center).

Wrap:   

Index closes up - weekly candle is a big green candle.

Looking Forward into this Week:

All Signals favor Bulls.

Bears despite having forced so many Dojis,fail to change the trend.
Heading to the 162% Fibonacci ($67) with the current momentum would be the Bull way.

Wrap: 

Bears hope for life below the Tenkan Sen (Blue line).

With a record close in recent times, Bulls seek a close above $67. 

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - 362% Fibo and Channels - Start of Week 3 of December 2017.

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

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

Index shown in a new Channel, clears the old, pops above the 262% Fibonacci as above.

Bulls maintain Higher Highs and Higher Lows, last Week.
All Ichimoku Signals continue to favor Bulls.

Wrap: 
Index clears the 262% Fibonacci retrace of the last major High-Low and the Channel Top.

Looking forward into this Week:

Bulls would now seek the 362% Fibonacci.
Bears need resistance to get below the Kijun Sen (Red Line)

Wrap:
Index above support -  362% Fibo, is the Bull plan.

Bears pray for red, and life below the blue line.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Tenkan Sen Holds - Start of Week 3 of December 2017

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

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

Index opens above the resistance at the Tenkan Sen (Blue line), but closes the week below it.
Chikou Span, deflects off the Price Line (left).

Wrap: 
Bulls maintain the Higher High. Index almost breaks range.
 



Looking Forward into this Week:

Cross (left) of the Chikou Span, to clear above the Price Line, will give the advantage to the Bulls.
Tenkan Sen (Blue) and Kijun Sen (red line) is current range, to break out / break below from.

Wrap:
Bears after holding the range, seek to get the index below the Kijun Sen (red line).
Bulls after making a Higher High, seek the next Fibonacci level after clearing the Tenkan Sen.

Nifty (Asia India) - Ichimoku Weekly Study - A Three inside up - Start of Week 3 of December 2017

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

 

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

Index attempts to make the target zone 10500, with a 'Three Inside up'.
Bears manage to retain the minor wave Lower High, lower low.
Index keeps above the Blue Tenkan Sen Support line.


Wrap:
Index closes above the Blue line (Tenkan Sen), produces a Three Inside up.




Looking Forward into this Week:

Bulls seek to use the current strength to make a dash to a new All Time High.
Bears seek to make another minor wave Lower High and head below the Kijun Sen (red line).
Bulls want to make a Higher High a new ATH and maintain the major wave 'Higher High - Higher Low'.


Wrap: 
Bulls seek to use current signals, to keep above the Tenkan Sen and reach the 162% Fibonacci (10500+) as marked.
Bears hope to make another minor wave 'lower high' and target life below the red line.