Momentum is in bullish territory.upside move is likely. And, the market put in a 45 bar new high here. More highs are possible. Rate of Change is in bullish territory. And, the market put in a 45 bar new high here.
More highs are possible.
CCI will signal liquidation of this position when the CCI value crosses back into the neutral center region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Confirming this bullish outlook, the market has put in a 45 bar new high here. ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal.