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FREE PRICE PATTERN GUIDE: http://getpricepatterns.com/ Download the free indicator blueprint: http://gettheblueprints.com/ Candlestick Reversals: http://getcandlesticks.com/ The CCI indicator, the commodity channel index, is a momentum based indicator that falls under the oscillator classification. The CCI oscillates between several levels including:+100-1000+200-200These levels are often used as overbought and oversold levels. The +100 would be considered overbought as an example. A move below 100 would be used as an oversold condition.From there, traders expect a retrace in price and often look for reversal trades.Donald Lambert, the designed of the indicator, actually used extreme readings such as +100 or -100 as signs of a strong/weak market. He would then look to establish a trading position in that direction.While oversold and overbought levels were not the intention of the CCI, many traders in Forex use those market states as the basis for a trading strategy. - See more at: https://www.netpicks.com/cci-commodity-channel-index/ FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. NetPicks Services are offered for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation or be relied upon as personalized investment advice. We are not financial advisors and cannot give personalized advice. There is a risk of loss in all trading, and you may lose some or all of your original investment. Results presented are not typical. Please review the full risk disclaimer: https://www.netpicks.com/risk-disclosure
