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PTEN Patterson-UTI Energy, Inc. short - on a downwards slideThe Patterson-UTI stock has been in an intact downward trend since April of this year, a trend which really picked up the pace in particular towards the end of July. Since the last strong downward movement, the stock of the company has now recovered well and corrected almost one hundred percent. Currently, we can already see the first signs that it could go in the direction of the main trend once more, making the stock a potential candidate for the short direction. In the hourly chart, the currently running correction can be seen, which was in a sideways phase and now develops in our preferred trading direction. For a short entry, we should wait for the formation of a signal, e.g. in the form of a P2, and place the stop loss above the last P3. Alternatively, and with the advantage of a cheaper stop, one can also practice trading from out of the correction or the formation of a reversal candle at a significant point. The targets are located in the areas around approx. $15.00, which makes the stock even more attractive for short entries due to the potential down to the first target. If the price considerably exceeds the last significant high at approx. $21.00, we should abandon the short scenario for the time being (daily chart, depicted in red).
NASDAQ:PTENShort
by ATT_Trading
PTEN Patterson-UTI Energy, Inc. short - on a downwards slideThe Patterson-UTI stock has been in an intact downward trend since April of this year, a trend which really picked up the pace in particular towards the end of July. Since the last strong downward movement, the stock of the company has now recovered well and corrected almost one hundred percent. Currently, we can already see the first signs that it could go in the direction of the main trend once more, making the stock a potential candidate for the short direction. In the hourly chart, the currently running correction can be seen, which was in a sideways phase and now develops in our preferred trading direction. For a short entry, we should wait for the formation of a signal, e.g. in the form of a P2, and place the stop loss above the last P3. Alternatively, and with the advantage of a cheaper stop, one can also practice trading from out of the correction or the formation of a reversal candle at a significant point. The targets are located in the areas around approx. $15.00, which makes the stock even more attractive for short entries due to the potential down to the first target. If the price considerably exceeds the last significant high at approx. $21.00, we should abandon the short scenario for the time being (daily chart, depicted in red).
NASDAQ:PTENShort
by ATT_Trading
DBD Diebold Nixdorf Inc. short - at decisive chart levelIn the daily chart, we can clearly see a wide correction of the downward trend. This produces a high potential for a short positioning; there is plenty of space until the low at 18 USD. This is why we can and should wait for a signal in the subordinate trend size. In addition, since the SMA 50 has been broken through once again for the first time in months now, which is seen as a bullish signal, an entry after a P2 in a subordinate trend size offers more security. A partial sale should be carried out starting from 18.50 USD, since this is where the prices hit a significant decision zone and could bounce back off. Above 24 USD, the short scenario becomes invalid. Before making an entry, one should take the news into consideration. In addition, one should also observe the overall market as well as the actions of the central banks.
NYSE:DBDShort
by ATT_Trading
DBD Diebold Nixdorf Inc. short - at decisive chart levelIn the daily chart, we can clearly see a wide correction of the downward trend. This produces a high potential for a short positioning; there is plenty of space until the low at 18 USD. This is why we can and should wait for a signal in the subordinate trend size. In addition, since the SMA 50 has been broken through once again for the first time in months now, which is seen as a bullish signal, an entry after a P2 in a subordinate trend size offers more security. A partial sale should be carried out starting from 18.50 USD, since this is where the prices hit a significant decision zone and could bounce back off. Above 24 USD, the short scenario becomes invalid. Before making an entry, one should take the news into consideration. In addition, one should also observe the overall market as well as the actions of the central banks.
NYSE:DBDShort
by ATT_Trading
XEL Xcel Energy Inc. long - How high can it fly?The stock is still in an intact upward trend, and is currently about 50% into the correction of the previous upward movement. In order to find an entry in the long direction, we should be on the lookout for signals in the subordinate trend. In the hourly trend, we could soon see next upward-pointing 123s occurring. Here, the entry can be made at the point 2 or subsequently from out of the correction, with a stop loss at the point 3 that will have formed by then. For a target level, we can use the area around 50.50 USD (green line). If the value significantly and sustainably falls below 45.20 USD (red line), the long scenario should be abandoned.
XLong
by ATT_Trading
XEL Xcel Energy Inc. long - How high will it fly?The stock is still in an intact upward trend, and is currently about 50% into the correction of the previous upward movement. In order to find an entry in the long direction, we should be on the lookout for signals in the subordinate trend. In the hourly trend, we could soon see next upward-pointing 123s occurring. Here, the entry can be made at the point 2 or subsequently from out of the correction, with a stop loss at the point 3 that will have formed by then. For a target level, we can use the area around 50.50 USD (green line). If the value significantly and sustainably falls below 45.20 USD (red line), the long scenario should be abandoned.
XLong
by ATT_Trading
Let's try and head north on Dash / BTC ? Several interesting elements here : - Nice oblique resistance - Hitting a former resistance - 0.786 fib retracement Target : as high as you can hold the position without fearing it to go downward, patience being bitter and its fruit sweet, shall we say. Taking long on bitfinex, this does not constitute an investment advice, beware of cryptocurrencies' high volatility. High might be the gains, but tough it is to manage position, having a good idea isn't enough, the hardest part being trusting your idea and not fear realising it until the end :) May the force be with you tradersview :)
DLong
by VanillaBSV
HOW TERRORISM EFFECTS MARKETS I HAD AN ORDER LAST NIGHT LONG AUD/JPY . I WAS TRIGGERED INTO THE TRADE OVERNIGHT WHICH IS A BIT OF PET HATE OF MINE AS WE SEE TIME AND TIME AGAIN THAT EUROPEAN AND US MARKETS SEEM TO REJECT THE ASIAN SESSION. HOWEVER MY CONFLUENCES ADDED UP WITH MY TRADING PLAN, I WAS IN. UNPREDICTABLE AND UNFORTUNATELY FOR BRUSSELS THEY HAVE COME UNDER A SEVERE TERRORIST ATTACK AND THE MARKETS REACT TO THIS BY HEADING FOR SAVE HAVENS. SAFE HAVENS ARE USUALLY: YEN (JPY) SWISS FANC (CHF) COMMODITIES SUCH AS GOLD AND SILVER WE CAN SEE FROM THE CHART BECAUSE OF THIS HORRIBLE EVENT I WAS STOPPED OUT. HOWEVER AS WE KNOW MARKETS RETRACE AND COME BACK TO PREVIOUS SUPPORT AND THAT'S EXACTLY WHAT WE HAVE SEEN HERE. SO WHAT DO I DO NOW? WHAT I DON'T DO IS REVENGE TRADE AND BUY WITHOUT CLEAR INFORMATION. WHAT I WILL DO IS SEE HOW THE MARKET FINISHES UP TONIGHT. IF I HAVE A BULLISH SIGNAL I WILL SET AN ORDER UP AS I WOULD HAVE HAD ANOTHER CONFLUENCE ADDED TO MY SET UP. UNFORTUNATELY AS TRADERS WE CAN'T LET EVENTS LIKE THIS CLOUD OUR JUDGEMENT. I ALWAYS FEEL GUILTY KNOWING THAT SOME PEOPLE HAVE PROFITED OFF THE BACK OF SUCH HORRIBLE EVENTS BUT AT THE END OF THE DAY WE CAN NEVER PREDICT THESE EVENTS. IF YOU ARE IN BRUSSELS PLEASE BE SAFE. R.I.P TO THOSE WHO HAVE LOST THEIR LIVES TODAY.
by JKibbler