Saturday, October 21, 2017

Brent Crude Oil - Ichimoku Weekly Study - High Wave - Week 4 of October 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 an Engulfing pattern above support (Tenkan Sen - blue line), makes a 'Three Outside Up' pattern with a High Wave Candle.
Senkou Span A and B, diverge bullishly (right extreme). 
Chikou Span deflects off the Price line (left).
Tenkan Sen and Kijun Sen, diverge bullishly (center).


Wrap:   
Index makes an Three Outside Up pattern above support, Double Top in progress...




Looking Forward into this Week:

Mostl Signals favor Bulls, Bulls push for the Chikou Span deflection at the Price line, to continue.
Keeping above the 61.8% Fibonacci (Of this year's Hi and Lo) and reaching $62 is the Bull plan.
Throw back to the Kumo, is still possible with the High Wave candle and Double top: That's the Bear Hope.


Wrap:
 
Bears hope for a 'Throwback', with help from the Double TopHigh Wave Candle & resistance at the previous high.
Bulls seek to keep the advantage with the Three Outside Up. and support at the blue Tenkan Sen, for move towards $62. 




Tuesday, October 17, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Doji @ Fibonacci 227 - Start of Week 3 of October 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 way above support (i.e. Tenkan Sen - blue line) and Clears the Fibo 227%.
Bulls maintain Higher Highs and Higher Lows and close just above Fibo 227%.
Index makes a Doji, above all the Ichimoku Signals.


Wrap: 
Index makes a Doji, above Support - the Tenkan Se (blue line - 2488) with another ATH



Looking forward into this Week:

Bulls now seek to head towards the 262% Fibonacci.

Bears need to get below the Kijun Sen (Red Line) to make a lasting  impact.
Getting a red candle to start with, is the Bear Plan. 


Wrap:
Index above support at 2488 -  Another New All Time High; is the Bull plan.
Bears pray for a red Candle, after the indecisive Doji week.



Monday, October 16, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Bulls Falter? - Start of Week 3 of October 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 above the Tenkan Sen (Blue) and Kijun Sen (red) and reaches channel resistance.

Tenkan Sen (Blue) and Kijun Sen (red line) close in for a cross or deflection.
Chikou Span, stays above the Price Line (left).

Wrap: 
Index above all the signals on the screen - locked inside a 'Broadening Top Pattern'  as marked.
 



Looking Forward into this Week:


Deflecting (left) of the Chikou Span and Price Line gives advantage to the Bulls.

Failure to make a High above the May 2017 High, is Bear Hope.
Tenkan Sen (Blue) and Kijun Sen (red line) deflecting - good for Bears.

Wrap:

Bears seek to get the index below the Tenkan Sen (blue), looking for a failure at the Broadening Top.
Bulls after maintaining the Higher Low, seek to make a Higher High (above the May 2017, high).






Nifty (Asia India) - Ichimoku Weekly Study - All Time Highs and Resistances - Start of Week 3 of October 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 off above the Tenkan Sen (blue line), and reaches Channel Resistance. 

Bulls retain honors for a Higher High and Higher Low (by a whisker).
The Three Outside Down Pattern is Busted.


Wrap:
Index takes off above the Tenkan Sen and reaches the Channel Resistance Line
.




Looking Forward into this Week:


Bulls want to keep up the momentum and  reach the 162% Fibonacci, after the higher high and higher low.

Bears need to make a Lower Low and break the Kijun Sen (red line).

Wrap: 
Bulls intend to keep above the Tenkan Sen and reach the 162% Fibonacci (10521).

Bears seek life below the Kijun Sen with help from the Broadening Top..