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Important ADX Values in Technical Analysis

Posted By On 1/09/2008 02:50:00 PM
1. High value of ADX shows a strong trend and it may be in either of the direction i.e. up or down.

2. A low ADX shows that the consolidation is going on in the market and it is very difficult to make profit from such a market.

3. ADX less than 20 means a weak market or consolidation in progress.

4. ADX rising from 15 to 25 means means the trend is strengthening.

5. ADX 30 value mean trend is strong.

6. ADX 45 and more shows that the market is in strong hands and thus consolidation may occur anytime.

7. Declining ADX below 30 indicates consolidation in progress after a trending move has happened.
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