W1YN34 trade ideas
WYNN 1st Target ReachedWynn reached first target.
We might see a pullback before target 2.
Watching to re enter.
Don’t miss out next chart and analysis.
Thank you for the support
WYNN Breaking resistanceWYNN broke its trend line today. It had been consolidating for some time and with the entertainment and travel sector as a whole breaking out, I think this move is good for a 10% return in single run.
WYNN for the WINWYNN 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.
IRON TARIHi guys,
this week I found better opportunies buying options rather selling ( IV drop made options cheaper to buy)
So the strategy is basically the contrarian of my Tari Condor ( Have a look and subscribe for free!), and as you can see this trade is 4 weeks and 6% spread.
The sold strikes are 132 and 117, the bought strikes are almost ATM, it depends on your money managment, for a 65% of probability to get some profit.
But let's do some math: Tari Condor says we have only the 22% of possibilities that our sold options will both expire worthless. This means we have 78% of probabilities that the price will move over the sold strikes, higher than the 65% coming from the option chain.
So this time the odds are from our side, because now we play from the other side of the Tari Condor.
Enjoy your wallet!
Tari
$WYNNMONITORING WYNN NICE PATTERN THAT COULD BREAKOUT TO THE UPSIDE
ALSO WEEKLY DOJI BEEN BUILDING A FEW WEEKS.
ADD TO THE WATCHLIST FOR NEXT WEEK
Swing Trade Idea We can see the Descending Triangle and Flagging as well.
Strong support from previous resistance. Great Risk and Reward Set up. We have to check confirmaation break out for for us to go LONG and Short.
** This is for Educational Purposes Only **
WYNN flaggingclassic bull breakout in the making. Acquiring stock and options today on a bottom CCI reversal...
WYNNEarnings beat after consolidating at the longer term trendline. Could spark the next leg higher.
Wynn 8-21 dma cross and reopening playWill history repeat on the 8-21 cross for Wynn? Call/put ratios good, Vegas reopening, people traveling again move back to 140+ Coming soon?
WYNN Long In uptrend, SMA50 as support
Support line confirmation
Breakaway Gap
Entry 127
Stop 120
Target 150
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
WYNN FlagWYNN is forming a flagging consolidation pattern. The entertainment sector has stayed strong through the rotation out in the market. I believe this will break through to 144 where it will meet resistance from last February before the pandemic correction.
WYNN for the winAccommodation pent up demand means the big players will see upside moves first.
They also have a stake in sport betting so that adds to long movement
R is decent again and MACD good but not perfect
WYNN, LVS, CZR & MGM February comparisonWYNN, LVS, CZR & MGM February comparison. Re-opening trades trend continue this week. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
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Bull FlagWYNN has broken bottom trendline of a bearish rising wedge. I have had this since the double bottom (see prior charts) and that rising wedge was troubling me (O: But I hung in there even though I thought seriously about selling when I saw it. Maybe I should have/Who knows? Had I had a bad entry level, I probably would have sold it. But when you are up, it is easier to hold on. To me that is the importance of a good long entry level..
A bull flag must break the top trendline to satisfy long entry level as a rule, and this is considered R. The bottom trendline of the flag is S. Flags should be light enough that they do not pull the pole down, so pole has to be long enought to support the flag. A tight flag (One without tons of space between price) is preferrable to a loose one..After the break out, the top trendline of the flag becomes support..
Now the stock is in a BF, so I will hang in there..
NV and OBV are bother high/short interest higher than I like..
Rising wedges are formed from too much buying without healthy pull backs. In the end there are not enough buyers to keep the stock at the higher price and Boom, it falls. They mess with supply and demand..The pattern is not valid until bottom trendline is broken. A strong stock may only fall less than 30%, but I have seen some get clobbered after breaking the bottom trendline.
Rising wedges have 2 trendlines that both slope up and converge at the apex. You will notice a lack of touches to the trendline as well..
They do not always break down (in the short term and "short term" is subjective) and a RW can be a very long term pattern. Many are just small, some are huge and their are some stocks that have been in one since the market caught the flu. My friend says they are bullish but our opinions differ on that one! I hate them..lol
Afterall. they operate in China now and China is taking over )o:
That is not why I own this, I just have a group of stocks I like and this one happens to be one of them..
Not a recommendation
WYNN LongEMA50 Crossed EMA200, Start of Uptrend
Consolidation in wedge
Avg. Size of Impulse swing is about 30
next demand is 100
Entry 108
Stop 91
Target 135
2/11/2021 Earning Date.
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Going for the WYNN As wynn retests the range high support zone, I am looking for a further breakout toward the 120 area. As long as 100 holds the trend still appears to be bullish. Obviously the digitization of gaming is a huge secular shift but it doesn't mean that the incumbents like wynn wont prosper in the new environment. And I cant speak for anyone else but a weekend at a wynn resort in a post vaccine world sounds like a good idea. Same goes for LVS for that matter.
