the active WYNN short trade is currently bear-flagging between T2 and T3. T3 was recently hit for a 23.4% gain from the last posted entry back on march 2nd (at 131.40) so anyone in the trade should have either lowered stops or booked some/all profits, depending on your trading plan. personally, i still favor at least T4 being hit on the daily time frame but as you can see from the updated daily chart below (last one), i added the pattern measurement for that bear-flag, should it break to the downside and play out. what i really like about that flagging pattern on the daily chart is that it projects right about to the weekly target that i’ve had on this trade for months (weekly charts are the first two below). don’t forget to trail your stops down on longer-term swing short trades like this to protect profits. an objective stop for anyone still in this trade would be somewhat above T2.
