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Monday, December 19, 2016

CAC 40 - Ichimoku Weekly Study - Kumo Breakout ++ - Week 3 of December 2016.





Zoom into chart .. Click



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




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

Kumo Breakout continues to reward Bulls.
All signals are currently Bullish.
Chikou Span beyond the Kumo top (extreme left)  

Wrap:   
Kumo Breakout gives the Bulls more green.




Looking Forward into this Week:


Bears want to get the Chikou Span headed back towards the Kumo (extreme left).

Longs having achieved a higher high (weekly close) now look to keep the momentum going.
Bears look to get back to the resistance levels (Weekly and Monthly).

Wrap:
Bears seek to point the index towards the Tenkan Sen (Weekly resistance)
.
Bulls look for more green after the massive Kumo Breakout.