A type of chart of Japanese origin that is constructed utilizing price movement rather than price and predefined time periods (daily, hourly, 15-minute...) as other charts do. Given that the chart resembles a collection of bricks, it is believed to have been named after the Japanese word for bricks, renga. Each block is positioned at a 45-degree angle (up or down) to the preceding brick, and a new brick is produced when the price changes by a predetermined amount. A usual color for an up brick is white or green, whereas a common color for a down brick is black or red.
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