It's important to determine why there is not an immediate continuation of a next long here...... and also why there is < so far > no setup for a strong retracement either.
First we see here a block of the Blue CCI..... a breakout to the upside is unlikely...... moreover a breakout above the Gray CCI wouldn't happen close to the zeroline.
An immediate strong retracement is unlikely as well, because TF15 and TF5 zone are still at remarkable distance from price..... so TF5 and TF15 traders presently are still in holding mood and may be looking for their next buy or adding....
So we enter a ranging area and just have to wait for the moment when we see clear signals on the kino_CCI_RSI-v5 that a next opportunity is arriving.
John
First we see here a block of the Blue CCI..... a breakout to the upside is unlikely...... moreover a breakout above the Gray CCI wouldn't happen close to the zeroline.
An immediate strong retracement is unlikely as well, because TF15 and TF5 zone are still at remarkable distance from price..... so TF5 and TF15 traders presently are still in holding mood and may be looking for their next buy or adding....
So we enter a ranging area and just have to wait for the moment when we see clear signals on the kino_CCI_RSI-v5 that a next opportunity is arriving.
John