WYNN short term wedgeProbably looking long because of the outside day reversal higher and long term uptrend. Could go either way though. Should make for a quick trade for about 5%.
WYNN trade ideas
WYNN Bullish Triangle Reversal Short SqueezeWYNN stock is showing signs of a bottom and possible bullish reversal. RSI is improving and buy volume is increasing slowly. Watch for this triangle to breakout to the upside on a short squeeze for a possible $182.50 gap fill today and tomorrow. If gap gets filled immediately watch for follow through rally back to $200.
Possible bullish triangle and reversal in WYNNRSI is improving with selling pressure easing. Despite bad headlines I think WYNN can possibly breakout of this triangle this week. Purely technical but price could be moved to the upside with some news resolving the current problems with the CEO right now.
WYNN wait for buy signalPlaying Trading Simulator Game:
At bottom of Bollinger Bands.
Look for buy signal.
WYNN is a winnerWYNN poped up today to a new 52 week high on strong volume
price consolidated in last few weeks above previus resistance now support at 140 area
todat broke above 150 area and looking very bullish
$WYNN Our VIP Members are short todayThat 127.2 Fibonacci extension looks to be like resistance!? It will need to show some serious strength to get over this level.
WYNN Breaking ResistanceAfter my six trade experiment with using purely S/R and reversal patterns as my strategy, I ended up 2 for 6, breaking even profit wise.
I will continue to try and identify opportunities at strong support levels, but I'll be attempting to hone in on my targets and exits using Fib retracement lines. I will also begin incorporating the 20 and 50 day EMA's to identify opportunities where price touches or breaks through. Finally, if an Elliot Wave is obvious to me, I'll be using it to aid in my decision making as well.
WYNN 150 breakout can take it to 173 at 61.8 % retracement NASDAQ:WYNN good consolidation just below 50% retracement at 150 ish, a breakout of 150 will take it to 173, the 61.8% retracment of the long downward move on 5 year chart
WYNN breakout 150 level towards 157. Earnings 11/1. Daily squeezWYNN With R2 yearly pivot support just at $141.54, it will be a defined risk trade with upside move of 157 on earnings. The diamond pattern upward breakout price target is at 157.07 which coincides with 1.618 extension 157.3 ish . Also there is a squeeze on daily that might give some momentum to upside
WYNN Buy on retest of broken level - ~2.5 reward to risk ratioIf Wynn pulls back to previous 20 day high pivot level recently broken. Buy with a target that acted as support in february of 2015. Stop will be just under the 50 day moving average.
WYNN Resorts buy the break!Wynn about to break a former high, although candle still not closed I will enter Long!
Nice spot to monitorConsolidation/Retrace OR Continue to rally after a small pause.
Interesting spot.
WYNN READY TO ROLL A 3I messed around with this for a while , it finally formed a diamond top, (not complete yet), Thomas Bukowski is the premier chartist in the world today. This seems to be a great short and a lousy bet long.
Bulkowski's Diamond Tops
Important Bull Market Results for Diamond Tops
Overall performance rank for up/down breakouts (1 is best): 21 out of 23; 7 out of 21
Break even failure rate for up/down breakouts: 10%; 6%
Average rise/decline: 27%; 21%
Throwback/pullback rate: 59%; 57%
Percentage meeting price target for up/down breakouts: 69%; 76%
