Monday, July 10, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Support Holds - Week 2 of July 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 holds Support at the Kijun Sen (weekly -  red), after slipping below the Tenkan Sen (blue).

Senkou Span A & B converge.

Index produces a High Wave candle near the Weekly Support. 


Looking Forward into this Week:

Bears next seek life below the Kijun Sen (red line).
Bulls want to resume the up trend from this critical support.

Senkou Span A&B converging - favours Bears.


Bears want to keep the index below the Tenkan Sen and next break the Red Line.
Bulls look to trend up, clearing the resistance (blue line).