TO READ THIS WEEK's POST CLICK HERE...

Monday, July 20, 2015

Europe CAC 40 - Ichimoku Study - Tenkan Sen Take off - Week 4 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 soars, way above the Price line #W1.
After closing just below the Tenkan Sen earlier, Index breaks out above this line #W2.

Gap between the Senkou Span A & B, increases last week #W3.
Gap between the Tenkan Sen and the Kijun Sen reduces #W2.


Wrap: 

Bulls take Index nearer to the ATH (All Time High) #W2. 

Tenkan Sen and the Kijun Sen getting closer is the only bright spot for Bears #W2.


Looking Forward into this Week:



Bulls need to keep the Chikou Span well above the Price line, to continue their good Times #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.
Gap between the Tenkan Sen and the Kijun Sen reduces -  bullish deflection or bearish cross in some time #W2.



Wrap:

Index staying above the Tenkan Sen #W2, and Chikou Span above the Price line #W1, good for reason for a Bull run to the ATH.
Index closing below the Tenkan Sen #W2,, is the Bear hope, this week.