CAC 40 (Europe Paris) - Ichimoku Weekly Study - Support to Resistance 5285 - Week 1 of May 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)

Bulls bounce off the Tenkan Sen the previous week, make a higher low.
Index shoots off to just under the August 2015 High.
Chikou Span (White) spikes, way above the Price line (extreme left).

Wrap:
Index after taking support at the Tenkan Sen(Blue Line), Shoots  off to the Resistance line 5284.
 



Looking Forward into this Week:

Bears hope to hold the resistance line 5284 and make a double top,
Bulls want to maintain a Higher High - Higher Low.
Senkou Span A&B way apart - favors Bulls.

Wrap:
Hopeful Bears want a Double Top and life below the Tenkan Sen (Center).
Bulls look to trend, way above 5285 and prevent a Double Top.