Wednesday, January 31, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Channel Top Stop - Week 1 of February 2018.








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PAST

Index cleared the channel line, last week but is currently below it as shown.
All Ichimoku Signals continue to favor Bulls.


NEXT

Bulls seek to close the week back above the Channel line.
Bears pray for the resistances to work to keep the red on the screen.



WRAP


Index at the Channel Line, clearing it, is the Bull plan.
Bears get some Channel Top Resistance, seek life below the 300% Fibonacci.


Monday, January 29, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Opening White Marubozu - Start of Week 1 of February 2018







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PAST

Index keeps above support at the 162% Fibonacci (of the 2015 low to 2016 high) with another All Time High (ATH).
Index keeps above the Blue Tenkan Sen Support line following the Closing White Marubozu with a Opening White Marubozu.


NEX

Bulls seek to use the current continuation signals to make a dash to another new All Time High.
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 as marked.
Bears seek to use the Channel resistances, to get into the game.


Saturday, January 27, 2018

Brent Oil - Ichimoku Weekly Chart Study - $71 - Week 1 of February 2018.







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PAST

Index touches target of $71 precisely, comes back with a green candle after a Harami.
All signals favored the Bulls last week, except for the Harami.
Index perfectly touched the 141% Fibonacci retrace of the 'Last Bottom to Jan'2017 High'.


NEXT

All Signals expected to favor Bulls, with the exception of the Resistance at 
141% Fibonacci.
Bears, hope for a pause as index reaches target of $71.
Clearing the 141% Fibonacci ($71+) with the current momentum would be the Bull plan.


WRAP


Bears hope resistance at the 141% Fibo, will lead to life below the Tenkan Sen (Blue line).
With momentum on their side, Bulls seek to clear $71. 




Thursday, January 25, 2018

BitCoin, BTC/USD - Ichimoku Chart Study - Lower Low, Bulls & a Red line - Mid Week 4 of January 2018.






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PAST

BitCoin falling from the All Time High, makes a Lower Low (see center) and takes support at the 50% Fibonacci retrace shown..
At this time the Index is around support at the Red Kijun Sen line (see center)
The Kumo expands (Green and Pink border...see right) this is Bullish.


NEXT

Bulls keeping above the support at the Red Kijun Sen, can resume the up-trend again.
Bears seek to follow the Lower Low, by heading below the 0.618 Fibonacci Retrace (sub 7600).



WRAP


Bears hope for life below the 0.618 Fibonacci (7565) to emphasize the lower low.
Despite lost momentum, Bulls seek to take out the All Time High taking off from support near the red line (11244).



Wednesday, January 24, 2018

Gold Futures CFD - 'Weekly Technical Analysis' - Higher High? - Week 4 of January 2018.









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PAST

Index had climbed higher but made a red High Wave candle last week, followed by a large green candle to date this week.
The Tenkan Sen (Blue line) changing places with the Kijun Sen, often,. showed earnest battle between Bulls and Bears in the last few Months.


NEXT

Bulls seek to make a Larger Wave Higher High by clearing 1363.
Bears seek to stay below the next Fibonacci Level and deny a Higher High to the Bulls.



WRAP


1363+ and life above the July 2016 High, is the Bull plan.
Bears want Sub 1362 and Gold Futures below the blue line, to start with.