Monday, November 20, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Holding at Support - Start of Week 4 of November 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 slides to take support exactly at the Kijun Sen (red line).

Tenkan Sen (Blue) above the Kijun Sen (red line).
Chikou Span, below the Price Line (left).


Bulls maintain the Higher High. Bears repeat Red Week.

Looking Forward into this Week:

Cross (left) of the Chikou Span above the Price Line will give the advantage to the Bulls.

Bears now hope for a retreat to the Kumo.
Tenkan Sen (Blue) and Kijun Sen (red line) crossing, puts pressure on Bears.


Bears after slowing the momentum, and getting more red on the screen, seek to get the index below the Kijun Sen (red line).
Bulls after making a Higher High, want the next Fibonacci level.