Monday, July 17, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Cusp of the Breakout - Week 3 of July 2017.





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





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

Index firms up above the Tenkan Sen (Blue) last week, closes almost at the 200 % of the Fibonacci retrace of the 
July 2015 High to the February 2016 Low (Last major Hi-Lo).
Bulls have closed the week, at the last discussed resistance: 2458 (2459). 
Bulls again bounce back from support at Tenkan Sen last week.

Wrap: 

Bulls reach 2458, after kick off from the Tenkan Sen (once again).



Looking forward into this Week:

Bulls now seek to stay above 2458, and the Tenkan Sen.
Bears now seek to defend the 200% Fibonacci as shown above.
Index Support and Resistance possibilities (new) are marked as above. 


Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line) and cracking the 200% Fibo retrace, of the above mentioned Hi-Lo.
Bears seek to keep it below the 200% Fibo retrace, and take the index below the Tenkan Sen.



CAC 40 (Europe Paris) - Ichimoku Weekly Study - Tenkan Sen to Kijun Sen - Week 3 of July 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 meets resistance at the Tenkan Sen (weekly - blue), after take off from Support at the Kijun Sen (weekly -  red).

Senkou Span A & B converge (right extreme of cloud).

Wrap:
Index after producing a High Wave candle at Support shoots up to resistance. 

 



Looking Forward into this Week:


Bears need life below the Kijun Sen (red line).
Bulls want to resume the up trend above the Tenkan Sen.

Senkou Span A&B converging - favors Bears.

Wrap:

Bears seek to keep the index below the Tenkan Sen and get below the Kijun Sen.
Bulls look to trend up, clearing the resistance (blue line) and the old High as marked. 




Nifty (Asia India) - Ichimoku Weekly Study - 10000 anyone? - Week 3 of July 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) 
Bears fail to defend the 127% Fibonacci of the last major Hi Lo.
Bulls take off from the Weekly Support (Tenkan Sen - Blue) and clear the 127% Fibonacci of the last major Hi Lo - to make a new All Time High (ATH).

Wrap:
Bulls make a new ATH after clearing the resistance at the 127% Fibo. retrace..





Looking Forward into this Week:


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

Bulls make new All Time High.
Bears now pray the next resistance (141%) holds.

Wrap: 
Bulls riding above the 'Tenkan Sen', for the last 25+ weeks, want to reach the 162% Fibo. retrace of the last major Hi Lo (around 10500)..

Bears, pray for life below the Tenkan Sen (blue line).





Saturday, July 15, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life 6 (Fibo 50%) - Week 3 of July 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)

Bulls again get stopped near the Kumo Top. Senkou Span A and B on deflection now.
Bulls keep the Large wave 'Higher Low', Bears continue the Short wave 'Lower High : Lower Lows'.
Chikou Span (white) points up (extreme left), Index closes above the 50% Fiboancci of the last major Hi Lo.

Wrap:   
Index goes green above the 50% Fibo(center). Senkou Span A & B deflect (right)




Looking Forward into this Week:

Chikou Span above the Kijun Sen is now the bull ask (left).
Piercing the Kumo Top is now the Bull hope, clearing the Tenkan Sen (blue) is next (center).
Senkou Span A&B 'deflection' or 'cross', now is the next event on the horizon.



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)


Tuesday, July 11, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Support at Tenkan Sen again - Week 2 of July 2017.






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





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

Index firms up above the Tenkan Sen (Blue) last week, closes above the 127% of the last minor Hi Lo.
2458 a confluence of two Retraces, 162% and 200% was resistance for the last down move.
Bulls again bounce back from support at Tenkan Sen last week.

Wrap: 

Bulls after returning from 2458, take  support at the Tenkan Sen (blue line) again.



Looking forward into this Week:

Bears seek to defend 2458, and get below the Tenkan Sen.
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) and 127% of the last minor Hi Lo.
Bears seek to keep it below 2458 and break below the current support.





Monday, July 10, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Support Holds - Week 2 of July 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 holds Support at the Kijun Sen (weekly -  red), after slipping below the Tenkan Sen (blue).

Senkou Span A & B converge.

Wrap:
Index produces a High Wave candle near the Weekly Support. 

 



Looking Forward into this Week:


Bears next seek life below the Kijun Sen (red line).
Bulls want to resume the up trend from this critical support.

Senkou Span A&B converging - favours Bears.

Wrap:

Bears want to keep the index below the Tenkan Sen and next break the Red Line.
Bulls look to trend up, clearing the resistance (blue line). 



Nifty (Asia India) - Ichimoku Weekly Study - Tenkan Sen to ATH - Week 2 of July 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) 

Bulls stay above the 'Tenkan Sen' and manage a bounce to the All Time High (ATH).

Bears fail to break below the 113% Fibonacci of the last major Hi Lo.
Bulls fail to take out the 127% Fibonacci of the last major Hi Lo.

Wrap:
Bears give up the gains of three Red Candles, Bulls stop at the ATH.





Looking Forward into this Week:


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

Bulls hope to make new All Time Highs.
Bears pray for a Double Top.

Wrap: 
Bulls riding above the 'Tenkan Sen', for the last 25 weeks, want to take out the All Time High (ATH).

Bears, hope to send the index below the Tenkan Sen (blue line) after triggering a 'Double Top'. 





Saturday, July 8, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life 5 (Kumo Top Stop) - Week 2 of July 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)

Bulls get stopped near the Kumo Top. Senkou Span A and B converge again.
Bulls keep the Large wave 'Higher Low', Bears continue the Short wave 'Lower High : Lower Lows'.
Chikou Span (white) points to the Kumo (extreme left).

Wrap:   
Index near the Kumo Top(center). Senkou Span A & B converge (right)




Looking Forward into this Week:

Chikou Span above the Kumo is now the bull ask (left).
Piercing the Kumo Top is now the Bull hope, clearing the Tenkan Sen (blue) is  next (center).
Senkou Span A&B 'deflection' or 'cross', now is the next event on the horizon.



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 possible Bearish Senkou Span A and B cross (right)


Tuesday, July 4, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Support at Tenkan Sen - Week 1 of July 2017.







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


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


Index continues its down run from resistance at 2458 - touches Tenkan Sen (Blue) support last week.
2458 is a confluence of two Retraces, 162% and 200% as seen above.
Bulls bounce back from support at Tenkan Sen last week.

Wrap: 

Bulls after returning from 2458, take  support at the Tenkan Sen (blue line).



Looking forward into this Week:

Bears seek to defend 2458, and get below the Tenkan Sen.
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).
Bears seek to keep it below 2458 and break below the current support.







Monday, July 3, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Weekly support - Week 1 of July 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 takes Support at the Kijun Sen (weekly -  red), after slipping below the Tenkan Sen (blue).

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

Wrap:
Index stops falling near the Weekly Support. Bears make a huge red candle.

 



Looking Forward into this Week:


Bears next seek life below the Kijun Sen (red line).
Bulls want to resume the up trend from this critical support.

Senkou Span A&B starts converging - favours Bears.

Wrap:

Bears want to keep the index below the Tenkan Sen and keep it falling.
Bulls look to trend up, taking off from critical support (red line). 


Nifty (Asia India) - Ichimoku Weekly Study - Evening Star to Tenkan Sen - Week 1 of July 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) 

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

Bears fail to break below the 113% Fibonacci of the last major Hi Lo.

Wrap:
After the recent Evening star, Bears get a third Red Candle, Bulls close above the Tenkan Sen.





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.
Bulls look to bounce back to the All Time Highs.

Wrap: 
Bulls riding above the 'Tenkan Sen', for the last 25 weeks, want to reclaim the All Time High (ATH).

Bears, hope to send the index below the Tenkan Sen (blue line) this week. 





Saturday, July 1, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life 4 (Kumo Bottom Bounce) - Week 1 of July 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)

Bulls take support from near the Kumo Bottom. Senkou Span A and B deflect for now.
Bulls keep the Large wave 'Higher Low', Bears continue the Short wave 'Lower High : Lower Lows'.
Chikou Span (white) bounces off the Kumo (extreme left).

Wrap:   
Index goes green in the  the Kumo (center). Chikou Span bounces off the Kumo (left). Senkou Span A & B deflect for now (right)




Looking Forward into this Week:

Chikou Span bounce at the Kumo was the bull ask (left) which they got.
Price Support at the Kumo Bottom was also the Bull hope, clearing the Tenkan Sen (blue) is  next (center).
Senkou Span A&B 'deflection', now gives power to Bulls (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 possible Bearish Senkou Span A and B cross (right)