Tuesday, August 22, 2017

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







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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 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.





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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 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.





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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)

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.




Tuesday, August 15, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Support 2448 - Week 3 of August 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 dives below support at Tenkan Sen (2448)
. 
Bulls keep the Higher Low in the series of minor Higher Highs and Higher Lows seen.


Wrap: 
Bulls take a dive below the 213% Fibonacci, of the last Major Hi-Lo.



Looking forward into this Week:

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

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


Wrap:
Bulls need life above 2448.
Bears seek to keep the index below the Tenkan Sen and  then make a lower low.





CAC 40 (Europe Paris) - Ichimoku Weekly Study - Range Break - Week 3 of August 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 breaks below the Range (centre) between the Tenkan Sen (Blue) and Kijun Sen (red).

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

Wrap:
Index breaks below the Kijun Sen. 

 



Looking Forward into this Week:


Bulls want to keep the Chikou Span (Left) above the Price Line and get Price back in range.

Senkou Span A&B converging (Right) - favours 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 seek to keep the Chikou Span above the Price Line and make this a Higher low by keeping the action above 4980.



Monday, August 14, 2017

Nifty (Asia India) - Ichimoku Weekly Study - Below the Blue - Week 3 of August 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 after the High Wave (indecision) at the 141% Fibonacci of the last major Hi Lo, dives below the Tenkan Sen (Blue line- Center).
Bulls close near support at the 127% Fibonacci and above the Kijun Sen (Red - centre).

Wrap:
Bulls find support around the 127% Fibonacci, Bears break index below the Tenkan Sen, after a 30 week run, above it.





Looking Forward into this Week:


Bulls seek to use the current support to get back above the Tenkan Sen (blue - centre).

Bears look to continue withe the momentum, pushing for a move of the index below Fibo 127%.

Wrap: 
Bulls slipping below the 'Tenkan Sen', after a 30 week, run above it,  seek to return to trend, by making this a Higher Low.

Bears need to continue weekly below the Tenkan Sen (blue line @9797) to stay in the game.








Brent Crude Oil - Ichimoku Weekly Study - Star - Week 3 of August 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)

Last Three candles show a Doji Star.
Index blocked by the Kumo Top and the 61.8% Fibonacci as marked above (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 Doji Star, right at the Kumo Top.




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', with a Doji Star at 61.8% and a High wave candle (indecision) helps Bears.



Wrap:
 
Hopeful Bulls, look to hold the large wave 'Higher Low' and  make a Smaller wave 'Higher High'.
Bears seek a fall to the Kumo bottom, after the Bearish Senkou Span A & B cross (right) with the Doji Star at 61.8% ($53) last week.





Tuesday, August 8, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Dodgy Doji - Week 2 of August 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 again makes a Doji (read indecision) above the 200% Fibonacci retrace of the 
July 2015 High to the February 2016 Low (Last major Hi-Lo). 
Bulls kept it well above the Tenkan Sen (Support) last week.

Wrap: 

Bulls again ponder the next move, staying above the 200% Fibonacci, of the last Major Hi-Lo.



Looking forward into this Week:

Bulls now seek to reach the 
213% Fibonacci retrace of the Last major Hi-Lo. 
Bears hope to get below the Tenksn Sen (Blue Line)
Index Support and Resistance possibilities, are marked above. 


Wrap:
Bulls look to make new ATHs, staying above current support at the 200% Fibo retrace.
Bears seek to take the index below the Tenkan Sen using the current indecision.






Monday, August 7, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Range Narrows - Week 2 of August 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 spans the Range marked between the Tenkan Sen (Blue) and Kijun Sen (red) perfectly.

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

Wrap:
Index spans the range and closes the week at the top end. 

 



Looking Forward into this Week:


Bulls seek a Break above the Blue Tenkan Sen.

Senkou Span A&B converging (extreme Right) - favours Bears.
A deflection of the Tenkan Sen and Kijun Sen (centre) - is the Bull ask.

Wrap:

Bears seek to keep the index below the Tenkan Sen and head for the Kijun Sen.
Bulls after closing last week neat the blue line, look to trend up, clearing the resistance (blue line) and the old High as marked. 





Nifty (Asia India) - Ichimoku Weekly Study - Above Support - Week 2 of August 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 attempt to take the index to the next Level (162%) as marked. 
Index High Wave (indecision) at the 141% Fibonacci of the last major Hi Lo.
Bulls keep it above the Weekly Support (Tenkan Sen - Blue) and make a new All Time High (ATH).

Wrap:
Bulls keep 10K. Bears force a High Wave candle last week.





Looking Forward into this Week:


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

Bears now want to follow up the 'High Wave; candle with a move of the index below Fibo 141%.

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 (10500+).

Bears need life below the Tenkan Sen (blue line) to stay in the game.





Saturday, August 5, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Block - Week 2 of August 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)

Senkou Span A and B, stay crossed Bearishly (right extreme). Index makes a High Wave,
Index blocked by the Kumo Top and the 61.8% Fibonacci as marked above (centre).
Chikou Span nears the resistance at the Price line (left) - deflects at Blue line.

Wrap:   
Index blocked at the CRITICAL 61.8% Fibo. (centre). Senkou Span A & B in a bearish cross (right)




Looking Forward into this Week:

Chikou Span above the Price line is now the bull ask (left).
Clearing the 61.8% and heading to the 127% is the next Bull need.
Senkou Span A&B, Bearish 'cross', with Resistance at 61.8% and a High wave candle (indecision) helps Bears.



Wrap:
 
Bulls look to hold the large wave 'Higher Low' and  make a Smaller wave 'Higher High'.
Bears seek a fall to the Kumo bottom, after the Bearish Senkou Span A and B cross (right) with resistance at 61.8% ($53) holding last week.