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Monday, November 7, 2016

CAC 40 - Ichimoku Weekly Study - Higher Low - Week 2 of November 2016.





View above chart at.. (Click)  


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



Learning from the Earlier Study:


Index moves into the Kumo with help from a Bullish Tenkan Sen (blue) Kijun Sen (red) cross earlier.

Resisted by the Senoku Span B (pink) index, dives below the the Kumo (cloud). 
Chikou Span (white) tries to find its space moving in and out  of the Price line.


Wrap: 
Index resisted by the Senoku Span B falls below the Kumo. 



Looking Forward into this Week:


Bears want to keep the index below the Kumo and  Weekly resistance.

Last week's low (higher than previous) important for desperate Bulls.
Senoku Span A & B, meeting in the offing - Bearish Cross or Bullish Deflection next.


Wrap:
Bears look to keep below to the Kumo
and aim for the Monthly Support..
Bulls
seek life inside the Kumo (cloud), after a take off from last week's low.