CAC 40 (Europe Paris) - Ichimoku Weekly Study - Range Break - Week 3 of August 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 breaks below the Range (centre) between the Tenkan Sen (Blue) and Kijun Sen (red).
Senkou Span A & B converge (right).
Chikou Span, near the Price Line (left).

Wrap:
Index breaks below the Kijun Sen. 
 



Looking Forward into this Week:

Bulls want to keep the Chikou Span (Left) above the Price Line and get Price back in range.
Senkou Span A&B converging (Right) - favours Bears.
A deflection or cross of the Tenkan Sen and Kijun Sen (Centre) - gives direction next.

Wrap:
Bears seek to keep the index below the Kijun Sen and headed for the Kumo.
Bulls seek to keep the Chikou Span above the Price Line and make this a Higher low by keeping the action above 4980.