The 2nd Image os not one I see very often anywhere.
It is the ADX and the DI + & DI -
The ADX ( Yellow ) Shows us a strength of Trend. It does NOT show us the Direction of Trend though in this example, it appears to follow that recrmtly.
The Vertical Dashed line on the right is where we "Topped" out after our push up since Jan 2023 and you can easily see that until October 2023, the trend was Low Key, Ebbs and Flows. The REAL Trend began when we began seeing ETF input and though the ETF Volume is a small % of the whole picture, It created a trend that drove Price higher.
This is also reflected by the DI + , the Direction Indicator, Shown in Orange on the chart.
This is a Momentum indicator. The + for positive and, obviously, the - ( red ) for negative momentum.
So, in March this year, Dashed line, we saw things turn around.
And Now, we have an interesting situation.
The ADX, Strength of Trend, is gettign Near it Low point. A point where it turns, rarely ranges. It can stay below the Neutral line however, showing Weak trends but it will change.
I remind you, it does NOT show trend direction. So, what this is showing is change is near. But we do not know in which direction.
So now we turn to the DI + & -
We Seem to be in a similar situation to March 2018 ( Bold Dash on left ) . Having Dropped from a high, we have DI - above the orange DI +, while ADX drops further.
PA ranged for 240 days before ADX finally picked a positive strength and it was 336 days before PA actually picked up.
If this repeats, It is June 2025 before a stronger Trend takes root and September 2025 before we get a real up tick in price.
This does not stop PA going Higher, as we see from Jan 2023. the ADX moved slowly there and PA did pick up and the earth didn't shake.
I will keep my eyes on this. There are a number of projections that point towards a new ATH in early 2025, ( Maybe even Dec 2024 ) but he Biggie, is in Late 2025.
The ADX does move in waves and as we have seen here, Can point towards up and coming Action...sometimes months before hand
