Monday, January 9, 2017

CAC 40 - Ichimoku Weekly Study - Old high nigh - Week 2 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)

Kumo Breakout continues to reward Bulls, as it heads towards the marked Old Highs.
All signals are currently Bullish.
Chikou Span (White Indicator) climbs again (extreme left).

Kumo Breakout gives the Bulls more green - previous High Nigh.

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 keep the momentum going.
Index nears the Feb 2015 High.

Desperate Bears want red on the screen and seek to point the index towards the Tenkan Sen (Blue Indicator).
Bulls on a roll, look to take out old Highs.