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).

Wrap:
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.

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