Its a big X with the center at the origin..
think of it as y = x and y = -x.
The simplest explanation is because all of the values in these two graphs satisfy |y| =|x|.
another way is think of the V of y =|x| and flip it, you have two V's meeting at their point, looking like an X.
think of the absolute value as flipping parts of the graph around.
A first guess that many people have is that the answer is
y = x only on the 1st quadrant.
This is wrong since The point (-1, -1) satisfies |y| = |x|.
In mathematics, a counterexample is wnough to disprove a notion btw. And I'm sorry for bashing any other answers that come up.