CAC 40 (Europe Paris) - Ichimoku Weekly Study - Bulls Falter? - Start of Week 3 of October 2017.

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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 reaches channel resistance.
Tenkan Sen (Blue) and Kijun Sen (red line) close in for a cross or deflection.
Chikou Span, stays above the Price Line (left).

Wrap: Index above all the signals on the screen - locked inside a 'Broadening Top Pattern'  as marked.
 



Looking Forward into this Week:

Deflecting (left) of the Chikou Span and Price Line gives advantage to the Bulls.
Failure to make a High above the May 2017 High, is Bear Hope.
Tenkan Sen (Blue) and Kijun Sen (red line) deflecting - good for Bears.

Wrap:
Bears seek to get the index below the Tenkan Sen (blue), looking for a failure at the Broadening Top.
Bulls after maintaining the Higher Low, seek to make a Higher High (above the May 2017, high).

Nifty (Asia India) - Ichimoku Weekly Study - All Time Highs and Resistances - Start of Week 3 of October 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 takes off above the Tenkan Sen (blue line), and reaches Channel Resistance. 
Bulls retain honors for a Higher High and Higher Low (by a whisker).
The Three Outside Down Pattern is Busted.


Wrap:
Index takes off above the Tenkan Sen and reaches the Channel Resistance Line.




Looking Forward into this Week:

Bulls want to keep up the momentum and  reach the 162% Fibonacci, after the higher high and higher low.
Bears need to make a Lower Low and break the Kijun Sen (red line).

Wrap: 
Bulls intend to keep above the Tenkan Sen and reach the 162% Fibonacci (10521).
Bears seek life below the Kijun Sen with help from the Broadening Top..