Monday, November 28, 2016

CAC 40 - Ichimoku Weekly Study - Kumo Top Stop - Week 5 of November 2016.

Zoom chart.. (Click)  

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


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

Index Stops at the Senkou Span B, just shy of a Higher high, after the Higher Low studied.

Weekly and Monthly resistances in close proximity, index closes just inside the Kumo (center). 
Chikou Span (extreme left), keeps above the Price line.

Index stays in the Kumo after being turned down by Weekly Resistance. 

Looking Forward into this Week:

Bears want to get the index below the Kumo after defending the Weekly resistance line.

Longs look to the Bullish Chikou Span Cross to aim for a higher high.
Senoku Span A & B (extreme right), meeting in the offing - Bearish Cross or Bullish Deflection next.

Bears look to get below the Tenkan Sen
, using the Kumo top resistance.
seek life above the
Weekly Resistance, aided by the Chikou Span Cross.