BULL PULLBACK SET UP:
Since about the end of June this year, WYNN looks like its been gaining momentum towards the upside. At the beginning of November, the 20 day crossed over and upward movement continued bringing it back to the upward trend line from the June/July lows and is now high basing with a pull back to the 9 day and area of support at 75ish.
The bull...
In Mid-Nov there is a critical inflection point at 27300 at support from consolidation zone and rising TL in this bullish impulse.
At this writing, DJIA index rests just at or above long TL reaching back to Jan 2018 top. Equities have advanced for >5 weeks. A small, brief pullback seems likely.
If it gives a price relaxation back to the breakout zone at 273,...
1st entry 122.4 above 15min resistance with SL at 122.00 below support on the hourly. Half position size entry, scaling in after 1 x ATR with a 2nd entry at 122.62. Good pullback setup with price action break above 20 SMA on 15min chart - relative strength is favoring EUR over JPY.
Gold is looking interesting as it has stalled on direction of 50% fibo. RSI + MA are showing us a possible bullish momentum.
A close above 1360 would see bulls make a run for recent highs and beyond with interim targets at 1370, 1380 and 1390. FX spread
BO EOD call option
Let's see...
