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- May-Jun - prolonged basing with ADX below both +DI14 and -DI14.
- May 22 - negative DI crossover but wait for ADX follow-through.
- May 28 - ADX breaks up over +DI14 and out of basing pattern.
- Jun 5 - final confirmation, ADX crosses above 20.
- Note: price action walks along bottom Bollinger band - a very strong pattern.
- Note: price action rarely pushes into oversold territory (RSI).
- Jun 15 - price action falls off bottom Bollinger band but still between
2SD and 1SD so trend is still intact.
- Jul 24 - trend abruptly ends and reverses on earnings announcement.
- note: Don't rely solely on technical indicators; be aware of external events
that will heavily influence price action
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