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.
A signal is generated only when the CCI crosses above or below 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. The current long position position will be reversed when the CCI crosses below zero. Adding bullish pressure the market just reached a 45 bar new high. ADX measures the strength of the prevailing trend.