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Monday, December 14, 2015

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

Senoku Span B provides precise support last week, after Bulls saw resistance at the Senoku Span A as studied #W1. 
Neutral Bullish cross of the Tenkan Sen to above the Kijun Sen yet to help Bulls W2..
Senoku Span A & B, steady #W3.

Wrap: 
Bulls halt the slide at the Kumo bottom #W2.


Looking Forward into this Week:


Chikou Span turning up and crossing above the Price line, is the current Bull wish #W1.
Index is now vacillating inside the Kumo, Bulls now see resistance at the Senoku Span A #W2.
Bullish cross of the Tenkan Sen to above the Kijun Sen, is 'Neutral' as it occurred when the price was inside the Kumo #W2.

Wrap:

Bears look to crash the index below the Kumo #W2.
Bulls seek get above the Kumo from current support #W2.