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Monday, January 2, 2017

CAC 40 - Ichimoku Weekly Study - Old highs - Week 1 of January 2017.






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, as it heads towards the marked  resistance.
All signals are currently Bullish.
Chikou Span (White Indicator) climbs again (extreme left).

Wrap:
Kumo Breakout gives the Bulls more green - previous High in sight.





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.
Bulls look to take out the Feb 2015 High next.

Wrap:
Bears seek to point the index towards the Tenkan Sen (Blue Indicator).
Bulls look to take out old Highs.