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)  

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).

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