$WYNN: Short signal, potential reversal

Very interesting short signal formed in WYNN here.

The fact that triggered after an extended rally, suggests it could be a low risk entry to try and capture a correction or reversal of the entire move up since the China reopening narrative kicked off...

Best of luck!

Cheers,

Ivan Labrie.

Comment:

So far, so good...

Trade closed: target reached:

I suppose this trade ran its course, China stock market had a big rebound today, I would be surprised if this continued lower.