Monday, April 17, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Dragon Fly Effect - Week 3 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 goes red after the Dragon Fly Doji Candle - which now looks like an an Evening Star.

Index is at a Higher High and above all indicators.
Chikou Span (White) dips towards Price line (extreme left).

Index dips from highs after the Doji - now the pattern resembles an Evening Star.


Looking Forward into this Week:

Bears see hope for some red and a retest of Supports.
Bulls maintain Higher High - Higher Low.

Senkou Span A&B maintain their distance.


Bulls look to bounce off the Tenkan Sen and maintain higher lows.
Hopeful Bears look to the Evening Doji Star, for life below the Tenkan Sen (Center).