Hubert Senters here.
Let’s take a look at Wynn, WYNN. This is going to be an example of a trade that is telling you to go long because it is clearly above the cloud today.
But a trade that I recommend that you pass on so this is one close above the cloud right there which, you know, this is think about this stuff.
One bar is equals agressive. Two equals medium agression. Three equals more of a conservative move. Now, unfortunately, this thing is a little crazy. It’s little bipolar.
If you suffer from bipolar heads up, I apologize I don’t mean anything about it.
You see this gap right here. It’s just got some price action to it. When you start seeing holes in a price action like that gaps are playable but you don’t want to in both directions in both up and down because it’s having a hard time figuring out what it wants to do.
So my recommendation on this even though yes it is technically a long it’s a little crazy, it’s a little squirly, so you might want to be careful and leave that alone there’s always another trade right around the corner.
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Good luck. Hope it helps. See you on the next video.