WYNN Long

Condition:
1. Downtrend line was broken by breakaway Gap (G0). Start a new trend.
2. 2/5/2010 Weekly demand zone confirmed
3. G1: runaway Gap shows 40-50% of the trend.
4. Fib 0.618 retracement,
5. Demand zone entry.

Entry in demand Zone: below 55
or buy at next Gap up open
Stop: 50
Target1: 75; risk/reward=1:4
Target2: 95; risk/reward=1:8

Better to see following confirmations:
1. If SPY weekly Close above 260 in two next weeks,
2. If there is a Gap up (G2) break the down trend line.

This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.

Trade active:

In my real trade, I bought Jun C75/90, limit 2.35;
no stop.

Trade closed manually:

Closed limit 3.7. Made 50% profit in 5 days.
This is a winner.