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Monday, March 20, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Next High? - Week 4 of March 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 edges higher after a High Wave candle the previous week.

Index is at a Higher High and above all indicators.
Chikou Span (White) moves up (extreme left).

Wrap:
Index edges higher after an indecisive High Wave candle.

 



Looking Forward into this Week:


Bears want to see some red and the Chikou Span headed back towards the Kumo (extreme left).
Bulls on a roll after a range break and maintain Higher High - Higher Low
.
Bears now need to bring the index below the supports marked.

Wrap:


Dominant Bulls expect more green as Index triggers are Bullish.
Desperate Bears hope to see the index retest (a climbing) Tenkan Sen (Center).