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Saturday, March 25, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kijun Sen Close - Week 5 of March 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)


After the indecisive High Wave candle of the previous week - Index takes a dive, but closes the week exactly at marked support - the Kijun Sen (red).
Index stays between the 61.8% and 50% Fibonacci retrace of the last major High & Low.
Chikou Span (white) hovers just above the price line (see extreme left).

Wrap:   

Chikou Span close to Price line, Index stoic, closes above the Kijun 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 three weeks of Support @ Kijun Sen, Bulls look to get back lost ground.

Wrap: 

Stoic Bulls seek to use the Kijun Sen support to get back above the 61.8% Fibonacci retrace
Bears pushing lower each week, want to see the Index close below the marked supports to reach the Kumo.






Say..






Tuesday, March 21, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - High Wave (in)Decisions - Week 4 of March 2017.








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

Index again fluctuates about the 2.62 Fibonacci resistance - making a High Wave candle.
Bears force a range last week.


Wrap: 

The Index again faces resistance at the 2.62 extension of the last minor High-Low.




Looking forward into this Week:

Bears hope to Hold the index below the current resistance.

Bulls seek Higher Highs and Support at current levels.
Index Support and Resistance possibilities are marked as above. 


Wrap:
Bulls seeking another major Break out - run into a spot of resistance.
Bears need to take advantage of this lull, failing which Index looks to continue trend





Monday, March 20, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Next High? - Week 4 of March 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 edges higher after a High Wave candle the previous week.

Index is at a Higher High and above all indicators.
Chikou Span (White) moves up (extreme left).

Wrap:
Index edges higher after an indecisive High Wave candle.

 



Looking Forward into this Week:


Bears want to see some red and the Chikou Span headed back towards the Kumo (extreme left).
Bulls on a roll after a range break and maintain Higher High - Higher Low
.
Bears now need to bring the index below the supports marked.

Wrap:


Dominant Bulls expect more green as Index triggers are Bullish.
Desperate Bears hope to see the index retest (a climbing) Tenkan Sen (Center).






SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Higher High? - Week 4 of March 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 pops above the March 2015 High, but closes below it, for the week.

Chikou Span (white) spikes (see extreme left). 
Tenkan Sen (blue) and Kijun Sen (red) in a Bullish Cross.

Wrap:
Index makes a Higher High and mulls life above it - with a Strong Bullish Cross to back it.




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 defending the March 2015 High, and crashing the index to sub 7070 levels.



Wrap: 
Desperate Bears would want to defend the current resistance and get Index back below Weekly Supports. 

Dominant Bulls plan for Higher highs on the back of the Bullish 'Tenkan Sen- Kijun Sen Cross'.