In my last post on trend indicator I mentioned that there is struggle between short term traders and long term investors which makes trading difficult as the range comes into play and trend gets erratic. Link here.
After that the Trend indicator gave a confirmed sell signal on both the Hourly and 4 Hour time frame. With that the last range was broken and RSI also shifted to bearishness as it broke the support of 30 levels.
Today the index declined 2% which came as surprise to many but our Trend indicator indicated quite early that trend is bearish now. Attached is the chart.
Confluence of trend gives the best trading opportunity.
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