Monday, June 19, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Island Stays - Week 3 of June 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)

Last Week the Index made a huge 'High Wave' candle, testing the border of the Island.

Chikou Span (White) stays, way above the Price line (extreme left).

Bulls defend the Tenkan Sen,  Bears fail to make an 'Island Reversal'. 


Looking Forward into this Week:

Bears still hope to stay below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.

Senkou Span A&B way apart - favors Bulls.


Hopeful Bears want a Double Top and an Island  Reversal (google it).
Bulls look to defend the Tenkan Sen and trend along..