Tuesday, September 26, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Old Top - Week 4 of September 2017.

Zoom into chart .. 

Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study: (click here for the previous post)

Index stays above the Tenkan Sen (Blue) and Kijun Sen (red) and stops at the August 2015 Top.

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

Index above all the signals on the screen - Stopped at the August 2015 High.

Looking Forward into this Week:

Deflection (left) of the Chikou Span and Price Line gives it to the Bulls for now.

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


Bears seek to get the index below the Tenkan Sen (blue).
Bulls after maintaining the Higher Low, seek to make a Higher High (May 2017).