Monday, April 24, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Tenkan Sen Support - Week 4 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)

Bulls bounce off the Tenkan Sen last week, and now have an option of making this a higher low.

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

Index after the Evening Star, takes support at the Tenkan Sen(Blue Line).


Looking Forward into this Week:

Bears see hope for more red and a dive to the Kijun Sen.
Bulls maintain Higher High - Higher Low.

Senkou Span A&B way apart.


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