Saturday, April 13, 2013
Fibonacci Ticks 144-6765 Woodies CCI
A major reversal has occurred out to 6765 Ticks. This is evident with a zero line reversal. The all time high tick continued to show divergence with lower highs on the CCI, as had been occurring for several days leading up to the high. It will be interesting on Sunday night's open how prices react to the extreme move down on the longest interval Tick charts. On the 144 to intermediate the extreme move hooked and ultimately gave a zero line cross to the upside. This move was muted, with a second zero line cross back to the downside.