Monday, April 10, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Dragon Fly High - Week 2 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 consolidates last week - Dragon Fly Doji Candle.

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

Index holds on to its Highs.


Looking Forward into this Week:

Bears see hope for 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 look to the Dragon Fly Doji, for life below the Tenkan Sen (Center).