Monday, May 15, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - High @ 113% - Week 3 of May 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 Hangs around under the Fibonacci 113% of the Last major 'High Low'

Chikou Span (White) stays, way above the Price line (extreme left) - but dips.

Index makes a Hangman candle. Bears hold the 113% Fibo as marked. 


Looking Forward into this Week:

Bears hope to hold the resistance line 113% Fibo, and move the index down.
Bulls want to maintain the current Higher High - Higher Low.

Senkou Span A&B way apart - favors Bulls.


Hope Filled Bears want a Double Top and life below the Tenkan Sen (Center).
Bulls look to trend along, all the way to the 162% Fibonacci retrace..