The Elder Impulse System was designed by Alexander Elder and is a system that identifies inflection points where a trend speeds up or slows down. Stocks with an Elder Bar Turned Red are expected to go lower. Elder Bar Turned Red that occurs on a small range day make excellent day trades and swing trades the next day.
TWTR on 1/5/16 met the above criteria for an Elder Bar Turned Red Setup. The daily chart below shows the subsequent trade below the 1/5/16 low of $21.85. TWTR traded down to a low of $20.19 the same day, and a low of $15.48 nine days later.
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Here are the Elder Bar Turned Red stocks on 10-24-2016 for trading on 10-25-2016
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