Bullish candlestick pattern made up of three candlesticks: a large red candle, a small green with a long lower shadow (the color of the candle can be either green or red), and a large green candle. A morning star develops at the end of downtrend and marks the beginning of a reversal. It indicates a change in the prior price trend. A drop in a price downtrend and the appearance of evening star patterns both indicate that the uptrend is about to end. The evening star pattern, which is seen as a bearish indication, is the opposite of the morning star pattern.
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