Other then the break in the trendline, which is bearish in itself, the ADX shows significant bearishness. Clicking on the chart gives you a clearer view and you will see the ADX study on the bottom.
The red line is the negative DX line and the green is the positive DX (-DX and +DX.) When they are significantly apart, as they are here (red being on top,) it is bearish.
This is not an hourly chart so a wide difference in the two lines can take a while to converge again given the periodicity.
The red line is the negative DX line and the green is the positive DX (-DX and +DX.) When they are significantly apart, as they are here (red being on top,) it is bearish.
This is not an hourly chart so a wide difference in the two lines can take a while to converge again given the periodicity.
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Oi. Parabéns pelo excelente blog. Gostaria de lhe convidar para visitar meu blog e conhecer alguma coisa sobre o Brasil. Abração
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