Tuesday, September 12, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - High Wave - Week 2 of September 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 makes a High Wave candle, below the Tenkan Sen (Blue) last week, maintaining the higher low.

Tenkan Sen (Blue) and Kijun Sen (red line) remain crossed bearishly.
Chikou Span, near the Price Line (left).

Index makes a High Wave candle (indecision) below the blue line - Tenkan Sen. 


Looking Forward into this Week:

Deflection or Cross (left) of the Chikou Span and Price Line can indicate the way forward.

Senkou Span A&B diverging (Right) is Bull Hope.
Tenkan Sen (Blue) and Kijun Sen (red line) remaining crossed bearishly - good for Bears.


Bears seek to keep the index below the Tenkan Sen (blue).
Bulls after maintaining the Higher Low, look to strike higher.