Monday, November 9, 2015

Europe - CAC 40 - Ichimoku Study - Breakout, Throwback and Take-off - Week 2 of November 2015.

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

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

Index makes a throwback to the Kumo after breakout, shoots up making a long green candle #W2.
Chikou Span again hesitates at the Price line #W1. 
Senoku Span A & B, veer away from each other as in a deflection #W3.


Bulls have a tall green week, post break out of the Kumo #W2.
Chikou Span continues being resisted near the Price line - some solace for Bears #W2.

Looking Forward into this Week:

Chikou Span returning from the Price line, is the current Bear hope #W1.
Index is now on a Bullish Breakout, just above the Kumo  #W2.
Cross of the Senoku Span A & B is the next event, that the Bears hope for #W3.


Bears hope the Chikou Span turns back at the Price line #W1, to help the move back into the Kumo #W2.
Bulls aim for a proper deflection of the Senoku Span A & B and life above the Kumo #W2.