Monday, June 12, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Support @ Tenkan Sen - Week 2 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 red Hanging Man candle, just at the August 2015 High as marked.

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

Bulls defend the Tenkan Sen,  Bears produce a red week. 


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 gap.
Bulls look to defend the Tenkan Sen and trend along..