How To Use ADX To Find Tops | Joe Rabil | Stock Talk (06.08.23)

Joe Rabil of Rabil Stock Research shows how ADX can help us identify topping patterns. Tops can take place in the form of a Climax or in the form of exhaustion or momentum loss. In this lesson, Joe explains how ADX can help to see both of these patterns. He then covers the stock symbol requests that came through this week.

00:00 Intro
01:33 Trading Lesson - Use ADX To Find Tops
11:08 Invesco QQQ (QQQ)
12:29 Dow Jones Industrial ETF (DIA)
13:40 United Rentals (UR), Amgen (AMGN), Apple (AAPL)
18:09 Alphabet (GOOGL), Adobe (ADBE), Netflix (NFLX)
21:33 Brookfield (BN), Royal Bank Of Canada (RY), Doximity (DOCS)
24:55 Builders FirstSource (BLDR)

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[dependra]

What a goldmine of a show, thank you so much for sharing your thoughts in the market. We appreciate it!

[Abdolreza.Sadreddini]

With all respect, You just proved that ADX is such an unreliable indicator for indicating highs and lows in the market. I followed until minute 10 on the video but I couldn't make a solid relation between highs and lows and indicator behavior.
Sorry, please don't take it personally. You're great.