Short

Regression Trend Outlining Possible Bearish Flag

Updated

Note

The Regression Trend tool outlines a bearish flag with a price target of $5500.

The position of the moving averages (7,30,50) shows consolidation and indicates price will go sideways.

With an 88.89% success rate, there is a 11.11% chance that Blue Sky day is wrong and we won't see a short indication; or a TD price flip.

Blue Sky Day Trading Strategy Report shows average number of bars per trade is 15. Going past the average puts a trader at risk of entering a losing trade.

If you're trading Blue Sky Day with these parameters, the indicator suggests the long position is coming to an end.

joebaus

Joe Baus, bausbenchmarks.com

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