Monday, September 21, 2015

Europe CAC 40 - Ichimoku Study - Kumo Pull - Week 4 of September 2015.

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

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

Bears close the week inside the Kumo #W2.
Chikou Span crossed below the Tenkan Sen, well below the Price line #W1.
Gap between the Senkou Span A & B, steady #W3.
Gap between the Tenkan Sen and Kijun Sen narrow, but steady #W3.


Bulls lose advantage, as Bears close inside the Kumo last week #W2.

Looking Forward into this Week:

Chikou Span is crossed  below the Price line (Its called a 'Weak Bearish cross because it occurred when the index was Bullish i,e above the Kumo) #W1.
Index getting above the Kumo, is the next Bull hope #W2.
The narrow gap between the Tenkan Sen and the Kijun Sen, good for Bulls, as a re-cross is easier #W2.


Bears on top, with the index floating into the Kumo #W2. Bulls have this week, to manage a bounce out of it.