Head and Shoulders target marked on chart is below the fib retracement tagged last week. 13 CCI is turning up but it may be temporary. For a real upmove, After any divergence, normally we need a retest of low, then a move of 13 CCI above -100. However, should we get a lower new low, we have to start over looking for Longsm looking first for divergence in next price/time cycle, then a retet of low, then a crossing of 13 CCI up through -100. Or, for an easier but solid Long signal, When I see 100 CCI turn and get above -100, that will be a clear signal for upmove.
This post isn't ment to be predictive, but for helping to think of just a few of many possibilities ahead, to help stay observant and nimble
This post isn't ment to be predictive, but for helping to think of just a few of many possibilities ahead, to help stay observant and nimble