Renko vs.Aroon

There was concern that the $RUT/TNA black brick laid down by Renko & Kagi would mean an end of the current $NASI downtrend. A review of 10 years of $NASI/$RUT charts revealed that opposing bricks can occur with DTs, BTs & UTs for Renko, Kagi & 3LB. Indeed, a DT recently (July) caused a red brick on Renko (see top chart). The current NASI Aroon reveals a BT Consolidative Channel. Consolidation is typical for these Backtests. The middle chart displays the 2002 NASI Aroon Consolidative Channel. It was followed by an Uptick and then a 20% drop in the $RUT. 2001 & 2002 were interesting years. Each year had a triple triangle drop by NASI ATR/Slope(see bottom chart). Expect more down...