Monday, October 30, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Higher High ! - Start of Week 1 of Nvember 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 halts at channel resistance.

Tenkan Sen (Blue) and Kijun Sen (red line) ready for a cross or deflection.
Chikou Span, heads for the Price Line (left).


Index above all the signals on the screen - Bulls manage a Higher High.

Looking Forward into this Week:

Deflecting (left) of the Chikou Span and Price Line gives advantage to the Bulls.

Bears mow hope for a retest of the Kumo.
Tenkan Sen (Blue) and Kijun Sen (red line) crossing - good for Bulls.


Bears seek to get the index below the Kijun Sen (red), want the Chikou Span to point towards the Price line.
Bulls after making a Higher High, sek the next Fibonacci level.