CAC 40 (Europe Paris) - Ichimoku Weekly Study - High Wave at Resistance - Start of Week 4 of December 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 at the Tenkan Sen (Blue line), Resistance holds.

Chikou Span, stays deflected off the Price Line (left).

Wrap: 

Bulls maintain the Higher High. Index makes a High Wave candle at resistance.
 



Looking Forward into this Week:

Chikou Span, moving up and above the Price Line, will give the advantage to the Bulls.
Tenkan Sen (Blue) and Kijun Sen (red line) is current range, to break out / break below from.

Wrap:
Bears after holding the range, seek to get the index below the Kijun Sen (red line).
Bulls after making a Higher High, seek the next Fibonacci level after clearing the Tenkan Sen.