Monday, October 2, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Higher High? - Start of Week 1 of October 2017.

Zoom into chart .. 

Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study: (click here for the previous post)

Index stays above the Tenkan Sen (Blue) and Kijun Sen (red) and continues above the August 2015 Top.

Tenkan Sen (Blue) and Kijun Sen (red line) remain crossed bearishly.
Chikou Span, stays above the Price Line (left).

Index above all the signals on the screen - Headed to the Fibo 113% as marked.

Looking Forward into this Week:

Deflection (left) of the Chikou Span and Price Line gives advantage to the Bulls for now.

Failure to make a High above the May 2017 High, (Left) is Bear Hope.
Tenkan Sen (Blue) and Kijun Sen (red line) remaining crossed bearishly - good for Bears.


Bears seek to get the index below the Tenkan Sen (blue) after a failure to make a higher high.
Bulls after maintaining the Higher Low, seek to make a Higher High (May 2017).