nicker

EURUSD 60 MIN Low is likely not in ( by a lot)

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nicker Updated   
FX:EURUSD   Euro / U.S. Dollar
Jenner Divergence Corollary on CCI (copywrite 2007, 2009) is telling us that even though EURUSD reached down to 314.6 % 1.12154 at 16:50 GMT (of 100% Feb 28 to Mar 1 drop), most likely the low of the whole move down is not finished.

Some traders are exiting now at 314%, because they wonder if the low is in. Some may hold for 423.6% at 1.11442. But only CCI has a clear voice, which says that because CCI has not yet had a divergence since the CCI low at 13:00,
1) it is very unlikely that the overall low is in.
2) Whatever the price was at the 13:00 GMT CCI low (-532.2) , price was 1.12542,....that price will likely be revisited , but AFTER CCI forms a divergence.
3) Before the final low of the downmove, most likely we first need to see a divergence on CCI, then a retest of the price low.
unless the upmove will be powerful ( crossing the zeroline before retesting price low)

This is possibly the most powerful thing that CCI can offer, offering more assurance, guidance than price in many cases
Comment:
The CCI low above (-532) was for a 34 CCI.
For 13 CCI I have -315.7

Do note the caveat on 3) above
Comment:
See 2) above:
2) Whatever the price was at the 13:00 GMT CCI low (-532.2) , price was 1.12542,....that price will likely be revisited , but AFTER CCI forms a divergence.

That happened today, shown in this chart
Comment:
Hang with me here, large commercial traders
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