Monday, March 27, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Stall? - Week 5 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 makes another High Wave candle, looks like its stalling in the same space.

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

Index stalls and makes another 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 maintain Higher High - Higher Low but seem to have run out of spirit.

Bears now look to bring the index below the supports marked.


Bulls need to push above recent highs to maintain Index triggers as Bullish.
Hopeful Bears hope to see the index below the Tenkan Sen (Center).