Monday, March 20, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Next High? - Week 4 of March 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)

Index edges higher after a High Wave candle the previous week.

Index is at a Higher High and above all indicators.
Chikou Span (White) moves up (extreme left).

Index edges higher after an indecisive High Wave candle.


Looking Forward into this Week:

Bears want to see some red and the Chikou Span headed back towards the Kumo (extreme left).
Bulls on a roll after a range break and maintain Higher High - Higher Low
Bears now need to bring the index below the supports marked.


Dominant Bulls expect more green as Index triggers are Bullish.
Desperate Bears hope to see the index retest (a climbing) Tenkan Sen (Center).