Monday, December 12, 2016

CAC 40 - Ichimoku Weekly Study - Kumo Breakout !! - Week 2 of December 2016.

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

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

Monthly resistance line demolished as a massive Kumo Breakout happens.
All signals are currently Bullish.
Chikou Span hovering  near the Kumo top (extreme left)  

Monthly Resistance line demolished as Bulls get their Kumo Breakout.

Looking Forward into this Week:

Bears want to get the Chikou Span back inside the Kumo (extreme left).

Longs having achieved a higher high (weekly close) now look to keep the momentum going.
Bulls now look to keep above the Tenkan Sen and not allow the Bears any leeway.

Bears look to get below the Tenkan Sen
, after getting the Chikou Span inside the Kumo.
look at continuing life above the
Weekly Resistance after the massive Kumo Breakout.