A volatility-based technical analysis indicator displaying a moving average line in the center of the channel, along with channel lines above and below the moving average line. Keltner Channel indicator is comparable to Bollinger Bands, which set their bands using the standard deviation. The Average True Range (ATR) is used by Keltner Channels to determine channel distance instead of the standard deviation. Usually, two Average True Range values are established above and below the 20-day EMA for the channels. The ATR determines channel width, while the exponential moving average determines direction. With the use of channel breakouts and channel direction, Keltner Channels, a trend-following indicator, can be utilized to spot reversals and trend directions. When the trend is flat, channels can also be utilized to spot overbought and oversold levels.
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