A candlestick shadow, or wick, which may be seen on a candlestick chart, is a vertical line that appear above and/or below the body of the candlestick. These shadows essentially represent the highest (upper shadow) and lowest (lower shadow) prices at which a securities has traded over a certain period of time. The candlestick's shadow can be compared to its wide part, which is referred to as the body of the candle. The longer is the shadow, the stronger is the reversal following that price action, once price breaks out of the consolidation period, either to the upside or downside depending on market conditions for that specific security.
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