Monday, August 28, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - High Wave - Week 5 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 stays below the Range (centre) between the Tenkan Sen (Blue) and Kijun Sen (red).

Senkou Span A & B stop converging (right).
Chikou Span, near the Price Line (left).

Index again closes just below the Kijun Sen. 


Looking Forward into this Week:

Bulls again seek to keep the Chikou Span (Left) above the Price Line and are good to trigger a 'Three inside up' candle pattern.

Senkou Span A&B converging (Right) is Bear Hope.
A deflection or cross of the Tenkan Sen and Kijun Sen (Centre) - gives direction next.


Bears seek to keep the index below the Kijun Sen and trigger a Bearish Tenkan Sen (blue) - Kijun Sen (red) Cross.
Bulls want to trigger a Three Inside up and make this a Higher low by keeping the action above 4980.