WYNN from $90 to 80
Updated
MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channel (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
TTM Squeeze is off
TTM Squeeze momentum is spiked up
VBSM is spiked positive
Impulse MACD is spiked to the upside
Price at near 4.618 Fibonacci level
In at $90
Target is $80 or channel bottom
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channel (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
TTM Squeeze is off
TTM Squeeze momentum is spiked up
VBSM is spiked positive
Impulse MACD is spiked to the upside
Price at near 4.618 Fibonacci level
In at $90
Target is $80 or channel bottom
Trade closed: stop reached
STOP LOSS HIT
price spiked, then went sideways across the channel to reach bottom of the channel. Will probably go up from here. Anyway. I'm wrong. Position closed.
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