Heikin-Ashi charts are an offshoot of traditional candlestick charts created by Munehisa Homma in the 1700s. The Heikin-Ashi approach makes use of a modified pattern formation based on two-period averages rather than the open, high, low, and close used in traditional candlestick charts. The resulting Heikin-Ashi candlestick pattern attempts to better depict the trend by reducing some noise. This smooth out appearance of the chart makes it simpler to discern trends and reversals. However it also hides gaps and certain important price data.
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