Monday, March 27, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Stall? - Week 5 of March 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 makes another High Wave candle, looks like its stalling in the same space.

Index is at a Higher High and above all indicators.
Chikou Span (White) goes flat (extreme left).

Wrap:
Index stalls and makes another indecisive High Wave candle.

 



Looking Forward into this Week:


Bears want to see some red and the Chikou Span headed back towards the Kumo (extreme left).
Bulls maintain Higher High - Higher Low but seem to have run out of spirit.

Bears now look to bring the index below the supports marked.

Wrap:


Bulls need to push above recent highs to maintain Index triggers as Bullish.
Hopeful Bears hope to see the index below the Tenkan Sen (Center).