Monday, November 2, 2015

Europe - CAC 40 - Ichimoku Study - Kumo Breakout - Week 1 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 breaks out of the Kumo #W2.
Chikou Span hesitates at the Price line #W1. 
Senoku Span A & B, close in for a cross or deflection #W3.


Bulls 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 Bear hope #W1.
Index is now on a Bullish Breakout, to above the Kumo  #W2.
Cross of the Senoku Span A & B is the next event 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 deflection of the Senoku Span A & B and life above the Kumo #W2.