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- Jul-Sept - prolonged basing with ADX below both +DI14 and -DI14.
- Aug 28 - positive DI crossover but wait for ADX follow-through.
- Sept 11 - ADX breaks up over -DI14 and out of basing pattern.
- Sept 17 - final confirmation, ADX crosses above 20.
- Note: price action walks along top Bollinger band - a very strong pattern.
- Note: price action rarely pushes into overbought territory (RSI).
- Oct 9 - trend decelerates as ADX falls; the actual price has already
levelled off (ADX is a bit laggy).
- note: slowing or end of trend does not mean price will drop; in this case
it is a short consolidation with a continuation of the trend to
follow.
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