yeah, but it still seems to have a bit of momentum left. MFI is turing upwards though the CCI is entering higher levels.
do not hold it.
reg
do not hold it.
reg
Putting it simple words abt these chart indicators...
When MACD oscillator is very useful for capturing the bigger moves, MFI often provides valuable assistance.when MFI is trending downwards or sideways, you would ignore MACD buy signals.
CCI is a commonly used overbought/oversold oscillator. Generally speaking, you use CCI to warn of an overbought condition when it goes above +100 and an oversold condition when it goes below -100. For the sake of this combination of indicators, we consider whether or not the latest signal offered by CCI confirms the other two indicators. If CCI makes a sharp dip below -100 and then back up through the zero line, we consider this a buy signal (and vice versa).
summarizing all CCI @ higher levels show - strong OB Zone
MFI & CCI took support temporarily @ zero.