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)  

Wrap:   
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.

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



SGX Nifty - Ichimoku Weekly Study - Bulls win skirmish - 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)

Index pops above the Monthly Resistance Line.
Chikou Span reverses and makes a bullish cross with the Price line ('strong signal' as the Bulls managed it, when the index was above the Kumo - see extreme left) .
Chikou Span clears the congestion zone for now.


Wrap;
One Strong Bullish Signal vetoes all the Weak bearish signals, index above Monthly Resistance line






Looking Forward into this Week:


Bears want to keep the index below the Kijun Sen - Weekly resistance - and aim for the Kumo.
Chikou Span - above congestion zone - should stay above the price line (extreme left) for Bulls  to continue up.
Tenkan Sen Cross is the next Bull ask.


Wrap:
Bears want red on the screen and life below the Kijun Sen (Weekly resistance)
Bulls look to clear the weekly resistance (Kijun Sen) to make this Bull trot viable.