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In Woodies CCI patterns, purpose of FFE pattern is to focus the reversal timing from top or bottom. The method of TLB and HTLB pattern of counter trend is the same as those of trend follow type, in the sense of aiming for trend line break. The difference is whether the entry is in the direction of the trend (trend follow) or the opposite direction to the trend (counter trend).

The Famir pattern is a counter trend pattern to use when the ZLR pattern fails, in other words, when the trend changes as it is without returning to the original trend. The Vegas pattern and the Ghost pattern are the same, in the sense that they aim for a small pullback (dip and rally) before the trend approaches the end and finally reverse.

In Woodies CCI patterns, TLB pattern draws trend lines on CCI lines, while HTLB method draws horizontal lines on CCI lines. It is better to use the TLB method in combination with RD pattern that use hidden divergence (which implies continuation of trend). Also we introduce exiting methods.

In Woodies CCI patterns, RD pattern is a pattern in which when the "Hidden Divergence (Reversal)" appears, a trend line is drawn on the CCI line, and the entry is made when the CCI cross the trend line. In Woodies CCI patterns, I think this RD pattern is the most powerful, the most competitive and the most recommended. I think it would be good to concentrate on this pattern alone and study.

In Woodies CCI patterns, The ZLR pattern is a strategy to focus on the timing in which the CCI line temporarily returns to the zero line direction opposite to the trend, or after crossing the zero line, to return to the original trend direction. It is an easy-to-understand strategy of "buy on dips" or "sell on rally".

"Woodies CCI" is a unique trading indicator and strategy based on two CCI lines with different periods. It was invented by Mr. Ken Wood. It is already internationally become popular. I would like to analyze several strategy using Woodies CCI. My analysis is divided into 6 articles. At first I will explain components of Woodies CCI and trend definition.