Its possible that we may see a market pullback here. The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band. Look for some price strength before taking any bullish positions based on this indicator. The volatility trend, based on a 9 bar moving average, has just switched to up.
Momentum is in bearish territory.
Rate of Change is in bearish territory. This short position should be covered when the CCI 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. The current short position will be reversed when the CCI crosses above zero. ADX measures the strength of the prevailing trend.