Broken support line, channel, 3 attempts to recover resulting in 3 inverted hammers rejections on support turned to resistance it seems, PT $94 $92 $85 respectively unless it recovers the channel. Risk reward favors a trade short risking daily lose above 102
Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage...
It is interesting how the price has formed these patterns which are exactly the opposite and result in exactly the opposite outcomes
Kinda like they are pairing themselves together?
Thought it was worth a post
WYNN is now approaching a VERY important level right now at the 50 fib line. Using the pandemic low as the anchor and this year's high, some important levels have begun to reveal themselves. Right now the 50 fib sits right around $90 (about $1 off Wednesday's level). With new Delta data coming out, people seem a bit skittish about travel and leisure. So where to...
WYNN is scanning on A6 and is a setup that has a potential short squeeze. There is a wolfe wave on the 78 min ttm with AH ON which shows a potential target of 142. Opening weeklies or DTE > 7 with delta 40 for a directional move is something that I am looking to open at the opening bell tomorrow.
