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.

The5ers – The Best Funding Program For Forex Traders

The5ers Tradingview Channel

 

Share:

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

we look for forex trader to fund

Leaving so soon?

Don't miss our Weekly Forex Analysis and trading ideas!

sign up for our newsletter



Your message is underway!

You will be hearing from us shortly