Wednesday, April 11, 2018

Brent Oil - Ichimoku Weekly Chart Study - Higher High! - Week 2 of April 2018.





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Introduction & Primer to Ichimoku can be read at this link > click.
 

PAST

Index after breaking out of the range between the Red and Blue lines, makes a 'Higher High' (link)
Brent Oil, stays with the Bulls on the Weekly Time Frame, with a 'Higher High' & 'Higher Low'.


NEXT

Bears, now need to defend the next resistance the Fibonacci 161.8% (of the 2016 low to 2017 high)
Bulls plan to continue to trend above the Tenkan Sen (blue) again.



WRAP


Bears pray for a weekly red candle and life below the blue line.
Bulls seek to trend above the Blue line and reach the next target ($82).




Tuesday, April 10, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Higher Low? - Week 2 of April 2018.






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Introduction & Primer to Ichimoku can be read at this link > click.
 

PAST

Index dives below the blue Tenkan Sen and pauses above the previous low.
Bulls now attempt to climb above the Tenkan Sen (blue) after a High Wave Candle (link) last week.


NEXT

Bulls after taking support at the 227% Fibonacci. attempt to defend a Higher Low.
Bears want to prevent the Index climbing above the blue line (Tenkan Sen @2678).




WRAP
A lower low and life in the Kumo. is the Bear plan.
Bulls seek to get above the (blue) Tenkan Sen and then the red line.




Monday, April 9, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Tenkan Sen Support - Week 2 of April 2018






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Introduction & Primer to Ichimoku can be read at this link > click.
 

PAST

Index now takes support at the Tenkan Sen (blue line).
Chikou Span deflection, off the Price line, saves the Bulls (see left).
Earlier, Bears managed a lower low and the Tenkan Sen made a Bearish Cross with the Kijun Sen.

NEXT


Bulls would now attempt another shot at the Kijun Sen (red line) @10562,
Bears need the Chikou Span below the Price line.


WRAP


Bulls seek to get above the Red line, with help from a Chikou Span deflection off the Price line.
Bears, seek life in the Kumo.