DXY 1D 13CCI Still negative. Daily DXY 13CCI is still not showing much upside strength. The downward momentum is slowing, but a real trend change up in price ordinarily will first offer a CCI divergence, then a retest of low, then the 100CCI likely would shoot up thru -100. Jenner's Divergence Corollary is that if we have not seen a CCI diver, we have likely not yet seen the low. A powerful change of trend can obviate need to see that first, so if CCI crosses the zeroline before we see a diver, either a powerful move up has begun or a sideways consolidation is underway
Commodity Channel Index (CCI)
BTCUSD Daily CCI & Wolfe waves I'll be buying between Wolfe waves 4 and 5, preferrably fading wave 5, coinciding with a CCI line (which is now on a short signal and dropping) going north back up thru the green down trendline
The exit would be after the next high after CCI crosses down thru an upline not yet shown
EUR.USD Daily Short then Long. 13 CCI divergence, fib targetsCCI divergence favors some move down in price. 38.2% retracement of upmove Nov 11 - Dec 3-4 is at ~~ 1.201, which may be a good first target. But if price demands also want a small wave 5 up, where small wave 1 began early Nov., and if little w5 up is at least as big as w1, another good target could be ~~~ 1.24 (fib > 224%) or a fib 314% target ~~ 1.26
Political and monetary decisions this week should reduce uncertainty but we'll have to stay current reading our charts. Posted chart is what looks OK now, so I have nimble short EU in preparation for a possible later move to new highs for 2020
EUR.USD H4 Short 13CCI tlbThere have been multiple signals on H4 from 13 CCI trendline breaks, each requiring teeny stoploss and having potential targets easy to spot/reap. The price action is trying hard the whole time to say UP, but until it gets above 1.1826 and H4 CCI shows a divergence, the price may still attempt to reach H4 targets of 100p to 250-300p lower.
Since the moves are working and stops are so teeny, and there still is no diver., I've shorted again @1.1816 and 1.18080 . Current SL 1.182. If it is hit today, look for an H4 CCL tlb to the upside.
EUR.USD H4 Short 13CCI tlb,100x13CCI still shows not divergence, indicating that upmove is not complete. But seeing a CCI tlb of up-trendline along with very tiny stop required, some folks are happy to risk that for a potentially big move down. Price complted an abc up, but be nimble for further move up
S 1.18315
SL 1.1838 or 1.1864
TP 1.1546 or a lot less. Exit when CCI crosses up thru a downtrendline