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Monday, July 27, 2015

Europe CAC 40 - Ichimoku Study - Bear Cross - Week 5 of July 2015.






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


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

Chikou Span, stays way above the Price line #W1.

Gap between the Senkou Span A & B, increases last week #W3.
Bears celebrate the Bearish Cross of the Tenkan Sen and the Kijun Sen #W2.


Wrap: 

Bulls face resistance, getting closer to the ATH (All Time High) #W2. 

Tenkan Sen and the Kijun Sen cross and Bears get a red signal at last #W2.


Looking Forward into this Week:



Bulls need to keep the Chikou Span well above the Price line, to keep their advantage #W1.
Index closing above the Kijun Sen and Tenkan Sen, strong supports, good for Bulls #W2.

Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support to come #W3.
Tenkan Sen and the Kijun Sen make a bearish cross - Bears back in the game #W2.



Wrap:

Index staying above the Tenkan Sen #W2, and Chikou Span above the Price line #W1, good reason for a Bull run to the ATH.
Maintaining and taking advantage of the Bearish Cross of the Tenkan Sen & Kijun Sen #W2,, is the Bear plan, for this week.