The 5%ers' Blog

CCI Divergence 1D Chart On USOIL 04/12/2018

December 4, 2018 | 11:54 am | The 5%ers' Blog
December 4, 2018 | 11:54 am
The 5%ers' Blog

As we can see, the CCI indicator shows a clear divergence between the price lows and the indicator lows,

as the price create a lower low the CCI shows higher low, this kind of Divergence indicates this bearish momentum is losing power and there is a good chance the momentum will change to bullish, we can see the divergence by the trend line I marked on The CCI and the price. I always prefer to integrate between indicators and price action, especially with Supply & Demand, therefore, I’ll wait for the price to return the demand below, if that happens, I’ll buy at this demand and my target will be 64.00 zones.

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