Tuesday, June 27, 2017

Nifty (Asia India) - Ichimoku Weekly Study - Evening Star Options - Week 4 of June 2017.






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Introduction / Primer to Ichimoku can be read at this link (
click).
 
We have shifted this study to CNX Nifty 50 (India) from from SGX Nifty 50 (Singapore)

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

Bulls stay well above the 'Tenkan Sen' even as two red weekly candles show the impact of the 'Evening Star' (google 'Evening star candle')

Bulls fail to break above the 127% Fibonacci of the last major Hi Lo.

Wrap:
After the recent Evening star, Bears get a second Red Candle, Bulls hold recent lows.





Looking Forward into this Week:


Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.

'Evening Star' effect, has been good for the Bears.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 127%.

Bears, hope to get the index below the Tenkan Sen (blue line) with help from the 'Evening Star'. 







Monday, June 26, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Hi Wave @ 2458 - Week 4 of June 2017.







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Click 



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


Index turns  back from resistance at 2458 - and makes a High Wave candle last week.
2458 is a confluence of two Retraces, 162% and 200% as seen above.
Indecisive Bulls made a High Wave candle last week.

Wrap: 

Bulls after returning from 2458, seem undecided.




Looking forward into this Week:

Bears seek to defend 2458, to get back into the game.
Bulls after taking off from the Tenkan Sen, need to clear 2458 to keep the current trend.
Index Support and Resistance possibilities are marked as above. 


Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Once successful, Bears seek to keep it below 2458


CAC 40 (Europe Paris) - Ichimoku Weekly Study - Support up - Week 4 of June 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 tests the border of the Island, and moves up. Tenkan Sen spikes higher.

Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Tenkan Sen spikes above the index,  Bears again fail to make an 'Island Reversal'. 

 



Looking Forward into this Week:


Bears hope to stay below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.

Senkou Span A&B way apart - favors Bulls.

Wrap:

Hopeful Bears want a an Island  Reversal (google it) and index below the Tenkan Sen.
Bulls look to trend along, keeping above the Island gap.. 



Saturday, June 24, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life 3 - Week 4 of June 2017.






Zoom into chart .. Click



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


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

Bears keep index in the Kumo - Bulls slow the fall near the Kumo Bottom. Senkou Span A and B converge.
Bulls keep the Large wave 'Higher Low', Bears continue the Short wave 'Lower High : Lower Lows'.
Chikou Span (white) touches the Kumo (extreme left).

Wrap:   
Index remains in the  the Kumo (center). Chikou Span touches the Kumo (left). Senkou Span A & B converge (right)



Looking Forward into this Week:

Chikou Span bounce at the Kumo is the bull ask (left).
Price Support at the Kumo Bottom is also the Bull hope (center).
Senkou Span A&B 'convergence' gives power to Bears (right).



Wrap: 
Bulls look to hold the large wave 'Higher Low' and Kumo Bottom Support to catapult the Index out of the Kumo (center).
Bears seek a Large Wave 'Lower Low' and life below the Kumo with a Bearish Senkou Span A and B cross (right)