Tuesday, August 22, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Kijun Sen Support - Week 4 of August 2017.






Zoom into chart .. 
Click 

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




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

Index stays below Tenkan Sen and takes support well above the Kijun Sen
. 
Bulls keep the Higher Low (2406+) in the series of minor Higher Highs and Higher Lows seen.


Wrap: 
Bulls take support above the Kijun Sen (red line)



Looking forward into this Week:

Bulls now seek to close above the Tenkan Sen - 2448
. 

Bears hope to get below the Kijun Sen (2406 - Red Line)
Defending the Higher Low is the Bull plan. 


Wrap:
Bulls want a green week and life above the Tenkan Sen.
Bears seek to get the index below 2406, the Kijun Sen and make a lower low.




CAC 40 (Europe Paris) - Ichimoku Weekly Study - Inside week - Week 4 of August 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)

Index stays below the Range (centre) between the Tenkan Sen (Blue) and Kijun Sen (red).

Senkou Span A & B stop converging (right).
Chikou Span, deflects near the Price Line (left).

Wrap:
Index closes just below the Kijun Sen. 

 



Looking Forward into this Week:


Bulls want to keep the Chikou Span (Left) above the Price Line and trigger a 'Three inside up' candle pattern.

Senkou Span A&B converging (Right) - would favour Bears.
A deflection or cross of the Tenkan Sen and Kijun Sen (Centre) - gives direction next.

Wrap:

Bears seek to keep the index below the Kijun Sen and headed for the Kumo.
Bulls want to trigger a Three Inside up and make this a Higher low by keeping the action above 4980.





Monday, August 21, 2017

Nifty (Asia India) - Ichimoku Weekly Study - Inside Week - Week 4 of August 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) 


Index takes support at the 127% Fibonacci of the last major Hi Lo, and closes above the Tenkan Sen (Blue line - Center).
Last week's candle is inside the previous week's candle - inside week.

Wrap:
Index finds support around the 127% Fibonacci, Inside week.





Looking Forward into this Week:


Bulls seek to use the current support to make a Three inside up pattern, and stay above the Tenkan Sen (blue - centre).

Bears look to move the index below Fibonacci 127% and prevent a Three inside up.

Wrap: 
Bulls manage a Higher Low and now want a 'Three inside up'.

Bears need to slip below the Tenkan Sen (blue line @9793) to stay in the game.






Brent Crude Oil - Ichimoku Weekly Study - Hangman Pop - Week 4 of August 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)

Last on the screen is a Hangman Candlestick at the Kumo Top (centre).
Senkou Span A and B, stay crossed Bearishly (right extreme). 
Chikou Span between the Blue and Red lines and below the Price line (left).

Wrap:   
Index makes a Hangman candle, still near the Kumo Top and above the red and blue supports.




Looking Forward into this Week:

Chikou Span getting above the Price line is now the Bull hope (left).
Clearing the 61.8% and heading to the 127% (centre) is the next Bull Need.
Senkou Span A&B, Bearish 'cross' (right) helps Bears.


Wrap:
 
Hopeful Bulls, look to hold the large wave 'Higher Low' and  POP out of the Kumo.
Bears look to HANG out near the Kumo bottom, defending the resistance ($53) of the last few weeks.