Part 2 of 2. This is the chart for-EWK, the Belgium I-Shares. When you view this chart vs the-DAX you should be able to see that EWK-is much stronger. Positives: 1. Prices are ABOVE the red Ichimoku Cloud conversion line and black baseline. 2. The-DMI (top indicator) is positive, and the strength is not fading. 3. The phase energy (top lower) is steadily rising and ABOVE ZERO. 4. Buy Fractal during rally since 09-08-16 (green box). 5. The FORWARD PROJECTION (top middle) is strong.
For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”. Currently the forward projection is VERY STRONG. I HAVE THE RESULTS OF THESE CALCULATIONS FOR THE-EWK IN THE TOP MIDDLE INDICATOR. AS YOU CAN SEE, THE FORWARD PROJECTION IS HIGHER. A four hour chart looks even more positive. So, I feel the-EWK will be heading higher.