India’s Sensex broke support at 27600, after breaking below its trend channel, warning of a correction to 26000. Bearish divergence on Twiggs Money Flow indicates long-term selling pressure.
Some would argue that the target should be 25000, the low of September 2015. The recent primary down-trend (March 2015 to February 2016) was followed by a strong reaction, from 23000 to 29000, which exceeded the previous high of 27500 (October 2015). Correction is likely to retrace at least half of the reaction, in other words at least to 26000, but there is no clear support level other than the February/March lows at 23000.
Hi colin, does really a US election result matter to INdian stock market , and which is the best indicator we should you for lon term buying and seling . As i m the subscriber since last 5 years
Believe me, it matters to every stock market on the planet. Stability v. instability.
Twiggs Money Flow (13 wk) with Keltner Bands (50 wk, 50wk, 1,1,).
Thank you for your support.
Hi , i found two keltner Bands , one is original and other is normal . So further which should i use and which line should i follow
Keltner Channels (not the Original). Weekly 50, 50, 1, 1. Signals are taken when price closes below/above the opposite band.
Use Twiggs Money Flow to identify stocks to trade.
I use additional chart pattern filters on the entry to reduce false starts. Too complicated to explain here but I intend to build this into a course.
p.s. This is for long-term trend-following.
Well can you please clear my confusion with some example with the illustration with chart