Wynn Resorts (WYNN) A Harmonic gamble ??
In early December WYNN was down nearly 50% from its high last year. Wynn Resorts has been one of the poster children of COVID related economic victims.
A recent 23% drop, recovery and rally from a higher low suggests a possible short term bottom is in.
This Gartley is a developing pattern and as such has a lower success rate than if it were fully developed.
Let this get a head of stream and a suggested entry is above the $84 area.
A potential target reversal area for a fully Gartley is marked.
As suggested, there is a 1.6x risk/reward ratio.
Always watch and go with the direction of general markets with particular emphasis to COVID case numbers, trends and restrictions.
Do your own due diligence .
This is educational not investment advice.
S.
A recent 23% drop, recovery and rally from a higher low suggests a possible short term bottom is in.
This Gartley is a developing pattern and as such has a lower success rate than if it were fully developed.
Let this get a head of stream and a suggested entry is above the $84 area.
A potential target reversal area for a fully Gartley is marked.
As suggested, there is a 1.6x risk/reward ratio.
Always watch and go with the direction of general markets with particular emphasis to COVID case numbers, trends and restrictions.
Do your own due diligence .
This is educational not investment advice.
S.
Catatan
For better or worse.. in the tradeCatatan
Catatan
Had an ok run.. softness here....Trading ditutup: target tercapai
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.