Monday, April 3, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Bull Hold - Week 1 of April 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 takes off from Support as marked and maintain the up trend.

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

Index spikes in the direction of the August 2015 High.


Looking Forward into this Week:

Bears want to see some red and a retest of Supports.
Bulls maintain Higher High - Higher Low in style.

Senkou Span A&B maintain their distance.


Bulls look to get to the next resistance and maintain higher lows.
Hopeful Bears seek to get index below the Tenkan Sen (Center).