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EOS Printing a Bullish Confirmation Candle?
EOSUSD
, 1D
Long
EOSUSD: EOS Printing a Bullish Confirmation Candle?

On the the daily chart, EOSUSD printed an entry signal on 6/7/19. Today's candle is now showing a confirmation/continuation signal if the daily candle were to close in a similar fashion. The confirmation candle occurs when the market is recovering from a local bottom.

EOSUSD and ADX: The Trend Strength Indicator
EOSUSD
, 1W
Long
EOSUSD: EOSUSD and ADX: The Trend Strength Indicator

According to the ADX Trend Strength Indicator, the current rally has not hit levels of exhaustion and is still trending. Exhaustion levels are indicated by the gold section of the indicator. When prices are trending, they are in the green section of the ADX indicator. When the market is transitioning, that is displayed as the blue levels in the ADX indicator....

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