Monday, August 3, 2015

Europe CAC 40 - Ichimoku Study - Kijun Sen Hold - Week 1 of August 2015.

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

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

After the Bearish Cross of the Tenkan Sen and the Kijun Sen, Index drops all the way to the Kijun Sen for a bounce #W2.
Chikou Span, stays way above the Price line #W1.
Gap between the Senkou Span A & B, steady #W3.


Bulls get ahead with a bounce from the Kijun Sen #W2. 

Despite the Tenkan Sen - Kijun Sen cross, Bears fail to get the index lower #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, (both strong supports last week) is 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 still in a bearish cross - Bears still in the hunt #W2.


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 task next.