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.
Nota
For better or worse.. in the tradeNota
Nota
Had an ok run.. softness here....Trade fechado: objetivo atingido
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.