Red Line Buy / Sell Zones -
The Red Line is Walter Bressert's B-Line (Bressert Line). It was modified by adding an average of the line, cycle counts and bars overlapping the single line.
The Red line plays a key part in determining trends. The price action may move up and down (wiggle) and the Red Line will hold it's line in the direction of the trend.
The Red Line plays a key part in Walter Bressert's Best Trade model. For example, when the Red Line is in the attic (Sell Zone), and the Green Line is in the basement (Buy Zone), this would set up a long trade model.
How to trade the Red Line?
Hold the line is one way. If the Red Line is trending up, and there are dips in the market, look to enter long. But, the most important part of the Red Line can be Walter Bressert's Best Trade. It allows us to see when this model is occurring to take action on the model.
If the Red Line was trending up and then dips, then starts to turn back up, this is a signal to get long the market again. After it starts to turn back up. Vice versa for shorts.
Past performance is not necessarily indicative of future results.
Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.