'cha-ching' / (fynley No chance of that IMO.)
Sorry been away for a while and slow coming back here.
UPDA
The ADX is the black line, which is basically the average of the DMI+ & - , The cross of the DMI+ over the DMI- is a reversal indication. The cross of the ADX over the DMI-, in this case, would confirm the reversal.
I am a conservative trader and wait until confirmation. Many reversals fall apart without confirmation. Which may happen to UPDA, as you can see.
It's all in your personal risk level. Many enter on the DMI cross, I wait for the ADX cross for confirmation. That way misses some of the move if it's real, but removes some of the risk you pay, for the early entry.
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