CAC 40 (Europe Paris) - Ichimoku Weekly Study - Island Stays - Week 3 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 huge 'High Wave' candle, testing the border of the Island.
Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Bulls defend the Tenkan Sen,  Bears fail to make an 'Island Reversal'. 
 



Looking Forward into this Week:

Bears still hope to stay 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 an Island  Reversal (google it).
Bulls look to defend the Tenkan Sen and trend along..