When a follower/reader of my blogs comments about a self identified price pattern, it is very pleasing to me! It means that perhaps newbies to technical analysis, are beginning to understand and actually start applying it to profit. @sunidkavuri pointed out the below cup and handle pattern forming in ADX. I've added the Elliott Wave counts and this is one example how it works beautifully with Chart Patterns. The two comingle very well and it took me 15+ years to learn the attributes of each; of course through tons of failure experiences.
For newbies, I would recommend learning to identify 3-5 chart patterns. Then, trade only on these patterns. That's it! Just start that way and you'll broaden your profits. Be disciplined! Don't trade on any others unless you see the pattern in your portfolio. I hope this brings MASSIVE PROFITS to you all!
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.