Monday, June 5, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - High Wave @ Old High - Week 1 of June 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)

Last Week the Index made a High Wave candle, just at the August 2015 High as marked.

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

Bulls defend the August 2015 High with the weekly action showing Indecision (High Wave). 


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.


Hopeful Bears want a Double Top and life below the August 2015 High (Center).
Bulls look to defend the Island Gap and trend along..