ETN Daily chart 27.4.26

So on the daily chart we can see that we broke out of a downtrend on the 17th of March and have been consolidating since then. We are printing higher lows which is always good news. Potentially we are on the cusp of another breakout and it's likely to the upside. Why? Mainly because the RSI is just about trending upwards and let me introduce to you the ADX and DI indicator. The ADX is the dark blue line. Anything above 25/100 (dotted line) is a strong trend signal. +DI (green line) measures upward price movement. -DI (red line) is downward price movement. To put it simply, the wider the mouth between the green and red the happier we are. Dark blue trending upwards and above 25, currently 50, is really positive! Well buy me a jar and spin my wheel...let's do this! 😎