Saturday, July 30, 2016

Brent Crude Oil - Ichimoku Weekly Study - Down Kumo - Week 1 of August 2016.





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


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

Chikou Span slides down lower, but above support at the Kijun Sen #W1.
Index stays red, still trapped in the Kumo #W2.

Kijun Sen just below the price line inside the Kumo #W2.
Senoku Spans A and B, are crossed Bullishly #W3. 

Wrap: 
Bears use the Kumo top as resistance, index continues to yo yo down, with another red week #W2 and a lower low.
 



Looking Forward into this Week:


Bulls hope the Kijun Sen support, will see Price heading up out of the Kumo #W2.
Keeping the the Chikou Span above the Kijun Sen, and the Senoku Span 'A' above the Senoku span 'B' is a Bull priority #W3.
Bears need to break below the Kijun Sen #W2.


Wrap:
The Kijun sen is the support the Bulls need for a bounce back, Bears aim for the kumo bottom 
#W2, and a lower high.




Say..



Monday, July 25, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Fork Lift - Week 3 of July 2016.



 


 



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


Patterns:
Index makes yet another new All Time High (ATH) with help from the Medium Term 'Three Outside Up', Support at the Weekly Fork, Lifts the Bulls
#WeeklyChart 1.

Support & Resistance:
Weekly Fork's middle Tyne was Support #WeeklyChart 1. The Middle Tyne of the Fork on the Daily Chart, was resistance again #Daychart 1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.

Indicators:
The STS is in the oversold #
DayChart 2.

Wrap:
Bulls use the 'Three Outside up' to get to another 'new' ATH
#WeeklyChart 1
Bears manage to stop the Bull run at the Day Fork #WeeklyChart 1.



Looking forward into this Week:

Patterns: 

'Three White Soilders' Pattern (Study Links here, here or elsewhere) is active on the Medium Term Chart #WeeklyChart 1.

Support & Resistance:
Middle Tyne of the Fork on the Day chart is the resistance to beat #
Dailychart 1. Middle Tyne of the Fork on the Weekly chart is the first support #WeeklyChart 1.
 
Moving Averages:
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen
#Dailychart 1.
 
Indicators:
TSI clears resistance at the 61.8% mark #MonthC
hart 2.

Wrap:
Bulls, look at making a new and higher ATH
#WeeklyChart 1. Bears seek to use the current resistance, to drive the index below the MVWAP 34 #Dailychart 1



India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Forked - Week 4 of July 2016.








 



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


Patterns:
Bears keep the action below the Bottom Tyne of the Day Fork #DayChart 1. Bulls despite a red week, hold the previous week's gains
#WeeklyChart 1.

Support & Resistance:
Daily MA 13 was the support, while the Bottom Tyne of the
Fork on the Day Chart, was resistance as expected #Daychart 1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.

Indicators:
The STC is stuck at the 61% Fibonacci retrace #
Monthchart 2.

Wrap:
Bulls use the 'Three Outside up', to bulid on their higher high
#WeeklyChart 1
Bears manage a red week using the resistance at the fork #DayChart 1.



Looking forward into this Week:


Patterns:

'Three Outside up' Pattern (Study Links here, here or elsewhere), is active after decent gains, on the Medium Term Chart #WeeklyChart 1

Support & Resistance:
Bottom tyne of the Fork on the Day chart is the resistance to beat #
DayChart 1. The Weekly MA 5, is the first Support #WeeklyChart 1.
 
Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen
#DayChart 1.
 
Indicators:
The STS staying in the oversold is power to the Bulls #Weekly
chart 2.

Wrap:
Bulls, look at continuing to the ATH
#WeeklyChart 1. Bears seek to use the current resistance, to drive the index below 8400 (the weekly MA 5 #Weeklychart 1).


Sunday, July 24, 2016

Brent Crude Oil - Ichimoku Weekly Study - Kijun sen Action - Week 4 of July 2016.






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


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

Chikou Span slides down, but above support at the Kijun Sen #W1.
Index goes red, still trapped in the Kumo #W2.

Kijun Sen slips neatly into the Kumo #W2.
Senoku Spans A and B, are crossed Bullishly #W3.
 

Wrap: 
Bears use the Kumo top as resistance and start an yo yo, with a red week #W2.
 




Looking Forward into this Week:


Bulls hope the Kijun Sen action will see Price breaking out above the Kumo #W2.
Keeping the the Chikou Span above the Kijun Sen, and the Senoku Span 'A' above the senoku span 'B' is the bull need now #W3.
Bears need to use the Kumo as resistance zone and get a move below it #W2.


Wrap:
A Kumo break out is what the Bulls want to enforce #W2, Bears see the index yo-yoing down the Kumo.




Monday, July 18, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - New ATH !! - Week 3 of July 2016.







 




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


Patterns:
Index moves up to a new All Time High (ATH) with help from the Medium Term 'Three Outside Up' #WeeklyChart 1. Resistance at the confluence of the Forks (Weekly and Daily charts) halts the up move #Dailychart 1.

Support & Resistance:
Daily EMA 5 was the support, while the Middle Tyne of the
Fork on the Daily Chart, was resistance as expected #Dailychart 1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.

Indicators:
The STS is in the oversold #
Dailychart 2.

Wrap:
Bulls use the 'Three Outside up' to get to a new ATH
#WeeklyChart 1
Bears manage to stop the Bull run at the fork #Dailychart 1.



Looking forward into this Week:


Patterns:
'Three Outside up' Pattern (Study Links here, here or elsewhere), is active on the Medium Term Chart #WeeklyChart 1

Support & Resistance:
Middle tyne of the Fork on the Day chart is the resistance to beat #
Dailychart 1. The Daily MVWAP 34 is the first Support #Dailychart 1.
 
Moving Averages:
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen
#Dailychart 1.
 
Indicators:
TSI clears resistance at the 61.8% mark #Monthly
chart 2.

Wrap:
Bulls, look at making a new and higher ATH
#WeeklyChart 1. Bears seek to use the current resistance, to drive the index below the MVWAP 34 #Dailychart 1