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Tuesday, December 27, 2016

CAC 40 - Ichimoku Weekly Study - Pause - Week 4 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, but in moderation.
All signals are currently Bullish.
Chikou Span flattens (extreme left) 


Wrap:  
Kumo Breakout gives the Bulls more green - pace moderates.





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 followed by a pause.