Trend lines are distinctive lines drawn on charts to link a series of prices. A trend line is generally drawn above or below pivot highs or lows to indicate the price's primary direction. They depict patterns during consolidation periods. In every time frame, trend lines offer a visual representation of support and resistance. The resulting line and/or pattern is then used to provide the trader with a good sense of the direction in which the value of an investment may go.
As we all know, 2022 has been a painful year, and it continues to be so. What works during a bearish market are a few strategies: shorts, inverse ETFs, holding cash positions and day trading. Today we take a look at ATXI and see how we day traded it. Watch this video to get the technicals. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is