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VladimirRibakov
Oct 12, 2017 2:50 PM

MGM Resorts Buy Idea Short

MGM Resorts InternationalNYSE

Description

W1 - Double cycle, price respecting 61%. We might see a range.

If there are no buys from the zone where the price currently is, we will be looking for buys in the next zone.

D1 - We have a range, price is at the bottom, we might expect it to reach the top.

H4 - Intraday cycle, bullish divergence, price reaches the magnet zone.

Aggressive - Wait for breakout above the high marked in the chart and then look for correction and buy.

Conservative - If you want to be more conservative then wait for breakout above the high marked in the chart and then look for correction and buy.
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