Use the ADX Indicator to Spot Big Reversals

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[@gregs8736]

Such a wealth of knowledge!!! This is a game changer !!! Thank you so much for sharing!!!

[@discordmember-f3g]

great ADX pattern, thanks. Are there cases where we see such patterns on both time frames but the stock drops after ? what is the statistics on false positives of this pattern?

[@investlikeapro7977]

Well keep in mind this can develop on a negative setup as well. That’s why keeping an eye on MACD helps with the bias along with the MA lines.

[@investlikeapro7977]

Draw trendlines on price (both ways) and wait for a breakout or breakdown.

[@Cody-r7z]

That's when it is good to know more about the business and its cash flow, along with industry and sector trends. Homework

[@shanew7361]

Good vkdeo, i picked up NVDA a few months ago at $514 and sold today at $859. Hope i made a wise choice 😂 The beat down since its high got old. It broke its 40 day moving average and support.

[@investlikeapro7977]

I will cover NVDA on the next show to discuss.

[@sothisremindsmeof.....1179]

Been having fun with ADX over the last 3 weeks and I just came across this video! Anyone got ADX indicator with period and countbar for Mt5?

[@TheMongobongo]

Good timing !

[@investlikeapro7977]

Thanks

[@strocher33]

Big fan

[@TurnkeyTrading]

None of these stocks are setting up and ready for new positions.

[@strocher33]

Consider it a case study