ADX: Signaled price consolidation starting week of 3/27/2017
DMI: The week of 01/09/2017 a buy trigger was set at .7493. For the next 15 weeks, this line held price. However, on 04/03/2017 a sell trigger was set at .7501. Although price has closed below this line since then, it has still been held in check bu a non-trending below 20.
TRIX: Below 0 a signal but is now up over the 10 period and trending up. This has set a new secondary resistance line at .7456
Bottom Line: For long term trade, stand aside until price consolidation breaks out
ADX: Since July of last year, has been below 20 and drifting signaling price consolidation. To-date, the best pattern loos like a channel
DMI: is currently dominate but is close to challenging.
TRIX: Has crossed up over the 10P setting up secondary resistance line at .7395. Although the is below 0, both are trending up and price has closed and held above .7395 for past 2 weeks.
Bottom Line: Watch for a buy trigger generated by DMI. If price closed up this week, then it would be a buying opportunity
on price (21 and 45 period) are both trending up
DMI: is signaling an up trend. A buy trigger was set week of 3/20/2017. 3 weeks later, price closed above this line and has held
TRIX: Moved above 0 with DMI buy trigger. Most recently, it set a secondary support line at 1.2867.
Bottom Line: Look for support at 1.2472 before next leg up begins. Use the to act as the trigger ( crosses up over with price follow through)
ADX: Below 20 signaling price consolidation in the area of the box
DMI: A buy trigger occurred on 5/15/2017 at .8991. However, with below 0, no action should be taken until the consolidation pattern is identified and breakout direction is determined.
Bottom Line: A close above .9603 and hold with continuing up would signal a buying opportunity.