CAC 40 - Ichimoku Weekly Study - Bull pause - Week 5 of January 2017.

Zoom into 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 stays pointed towards the Tenkan Sen despite a mid week pop up.
Chikou Span (White Indicator) points down (extreme left).

Wrap:
Dragon fly Doji's still in play as the index points down in a green week.
 



Looking Forward into this Week:

Bears want to get the Chikou Span headed back towards the Kumo (extreme left).
Bulls having achieved a higher high (weekly close) now look to go bottom out.
Bulls seek support before the Tenkan Sen.

Wrap: 
Bulls in pause mode, still look good to take out old Highs.
Bears seek to keep the index going towards the Tenkan Sen (Center - Weekly Support).