CAC 40 (Europe Paris) - Ichimoku Weekly Study - Doji below 113% - Week 5 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 makes a Doji candle below the marked Fibonacci 113% (of the Last major 'High Low') and on the August 2015 High as marked.
Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Bulls defend the August 2015 High with the weekly action showing Indecision (Doji). 
 



Looking Forward into this Week:

Bears hope to get below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.
Senkou Span A&B way apart - favors Bulls.

Wrap:
Hopeful Bears want a Double Top and life below the August 2015 High (Center).
Bulls look to trend along, all the way to the 162% Fibonacci retrace..