ILUS charts~~~ Leg #3 MMU & continuation today's.candle.pattern. * The Breakout continues, third day where each candle body is higher than the previous. * Consolidation step #3 was trying form in the last two days (see 30min chart) but the Bears profit taking binge keeps gets fizzled out. If we somehow land on step #3 we have a spread between .20 overhead and .16 support!!! Our candle pattern http://thepatternsite.com/Deliberation.html our chart pattern http://thepatternsite.com/mmu.html * Vary Bullish indicators: Three CMF's showing volume money pressure over 20% and the ADX/DMI by itself.
ADX Value Trend Strength 0-25 Absent or Weak Trend 25-50 Strong Trend 50-75 Very Strong Trend 75-100 Extremely Strong Trend