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Monday, November 16, 2015

Europe - CAC 40 - Ichimoku Study - Kumo Life - Week 3 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)


Chikou Span's hesitation at the Price line, defeats the Bull up-move #W1. 
Index takes support near the Tenkan Sen #W2, after slipping into the Kumo.
Senoku Span A & B, steady #W3.


Wrap: 

Chikou Span turns back from the Price line - Bears back in the game #W2.
Bulls halt the fall above the Tenkan Sen #W2.


Looking Forward into this Week:


Chikou Span staying away from the Price line, is the current Bear ask #W1.
Index is now on neutral territory, in the Kumo  #W2.
Cross of the Senoku Span A & B is the next event, that the Bears hope for #W3.


Wrap:

Bears look to keep it in the Kumo and get below the Kijun Sen #W2.
Bulls seek to defend the Kijun Sen and get the Chikou Span moving towards the Price line again #W2.