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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (64771)1/27/2003 11:41:07 PM
From: velociraptor_  Read Replies (1) of 209892
 
ADX still has room to rise. The -D stil lhas room to rise as well and could hover at high levels while the +D continues to slowly drop. The hourly ADX is key for a reversal. Usually in an impulse the ADX will start to drop during the 4th wave and keep dropping during the 5th to suggest the end of the trend is near. even in a non impulsive move you should still get a falling ADX when you get close to a reversal. As of now, the ADX is still rising.
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