Monday, June 26, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Support up - Week 4 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)

Index tests the border of the Island, and moves up. Tenkan Sen spikes higher.

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

Tenkan Sen spikes above the index,  Bears again fail to make an 'Island Reversal'. 


Looking Forward into this Week:

Bears 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.


Hopeful Bears want a an Island  Reversal (google it) and index below the Tenkan Sen.
Bulls look to trend along, keeping above the Island gap..