Nifty ADX Trade

Nifty is more or less in range of 5100-4900. But when one see that this consolidation can lead to next big trade.

Well, the next trade can be based on ADX, it is at 12, below crucial 20 for nearly 1 month now.
Now it has started to turn up from levels of 10 and DMI - ive is moving up.

The theory is that once ADX moves up from below 15/20 levels after some time then the trend is in direction of DMI. No logic works then. Thats what the ADX trade is.
This is dangerous for the Nifty bulls.

I am attaching the current setup of the trade on weekly charts.

After a break

Back after a break, will update really soon.

Just for a thot: Nifty made a new high by just 1 point and then closes down for the next  few days.... This is surely a correction.....what say.....