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

Wednesday, December 9, 2015

Europe - CAC 40 - Ichimoku Study - Kumo zone 2 - Week 2 of December 2015.





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


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

Bulls get back into the Kumo, Chikou Span stays below the Price line #W1. 
Tenkan Sen and Kijun Sen, make a bullish (edited) cross #W2..
Senoku Span A & B, separate #W3.

Wrap: 
Bulls lose advantage as index slides inside the Kumo #W2.
Bears allow a Bullish Tenkan Sen - Kijun Sen Cross (edited) #W2.


Looking Forward into this Week:


Chikou Span crossing above the Price line, is the current Bull ask #W1.
Index is now vacillating in and out of the Kumo, Bulls now see resistance at the Senoku Span A #W2.
Cross of the Senoku Span A & B is the next event, that the Bears hope for #W3.

Wrap:

Bears look to keep the index in the Kumo and below the Kijun Sen #W2.
Bulls seek get above the Kumo and get the Chikou Span to clear the Price line #W2.