Brent Crude Oil - Ichimoku Weekly Study - Back in Range - Week 2 of April 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)

Brent after taking off from the Kijun Sen (red) earlier cleared the Resistance at the Tenkan Sen (blue) last week, and is now in the old range / cluster.
Index between the 61.8% and 78.6% Fibonacci retrace of the last major High & Low.
Chikou Span (white) stays deflected above the price line (see extreme left).

Wrap:   
Chikou Span spikes off the Price line, Trending Index clears the Tenkan Sen. 

Looking Forward into this Week:

Bulls would want to keep Index above the Tenkan Sen(blue) and prevent the Chikou Span from going  below the Price line.
Bears want to see Index stop at the old resistance cluster and head back to the Kumo (cloud).
With a Higher Low @ Kijun Sen, Bulls look to ensure a Higher High above the oncoming resistance formed by the 'old cluster' of candles.

Wrap: 
Buoyant  Bulls seek a Higher High and life above the 61.8% Fibonacci retrace. 
Bears wish to defend this resistance zone and send the index towards the Kumo.

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Pierced - Week 1 of April 2017.

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

Index does a throw back to the 2.62 extension from the 1.62 Fibonacci resistance as marked above.

Last two candles on the Weekly chart above, show a Piercing Pattern.

Wrap: 
The Index throws back to the 2.62 extension of the last minor High-Low and Bulls consider the Piercing Pattern studied.

Looking forward into this Week:

Bears hope to close the week below this old resistance (2.62).
Bulls seek Higher Highs and a close above resistance (2.62) with help from the Piercing  Pattern.
Index Support and Resistance possibilities are marked as above. 

Wrap:
Bulls comeback from Support and consider Higher Highs based on the Piercing Pattern.
Bears having stopped the index twice at the 2.62 resistance, seek to keep the pressure on, and hope to change the trend. 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Bull Hold - Week 1 of April 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 takes off from Support as marked and maintain the up trend.
Index is at a Higher High and above all indicators.
Chikou Span (White) goes higher (extreme left).

Wrap:
Index spikes in the direction of the August 2015 High.
 



Looking Forward into this Week:

Bears want to see some red and a retest of Supports.
Bulls maintain Higher High - Higher Low in style.
Senkou Span A&B maintain their distance.

Wrap:

Bulls look to get to the next resistance and maintain higher lows.
Hopeful Bears seek to get index below the Tenkan Sen (Center).

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Flirting with Old highs - Week 1 of April 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 closes the week above the March 2015 High - making it an official 'Higher Close'.
Chikou Span (white) flat, but way above the price line (see extreme left). 
The Tenkan Sen (blue) is now Support.

Wrap:
Bulls finally use the Bullish Tenkan Sen-Kijun Sen Cross, to close above the previous 'All Time High'.




Looking Forward into this Week:

Bulls hold on to a Tenkan Sen and Kijun Sen cross - which is a strong Bullish Signal.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Bears dream of life below the March 2015 High, and a crash to sub 7070 levels.

Wrap: 
Bears would want to head to the Tenkan Sen and get some red on the Index. 
Bulls with a Higher close plus Bullish 'Tenkan Sen- Kijun Sen Cross', now would want to take out the next resistance as marked. 

Brent Crude Oil - Ichimoku Weekly Study - Perfect Range - Week 1 of April 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 closed the week exactly at the Kijun Sen (red) earlier and took off to the Resistance Tenkan Sen (blue) last week.
Index inside the 61.8% and 50% Fibonacci retrace of the last major High & Low.
Chikou Span (white) deflects above the price line (see extreme left).

Wrap:   
Chikou Span deflects off the Price line, Index stoic, bounces to the Tenkan Sen. 

Looking Forward into this Week:

Bulls would want to get Index above the Tenkan Sen(blue) and prevent the Chikou Span from going  below the Price line.
Bears want to see Index retest the bottom and to start with, aim for the Kumo (cloud).
With a Higher Low possible  @ Kijun Sen, Bulls look to ensure a Higher High.

Wrap: 
Stoic Bulls seek to use the Kijun Sen support to get back above the 61.8% Fibonacci retrace and make a Higher High.
Bears after defending the above resistance, want to see the Index close below the marked supports to reach the Kumo.