DKNG
Price went into a Distribution stage after being in an uptrend. Price broke down into a strong downtrend and is currently in a descending triangle.
We also have a death cross signaled the start of a bear market.
Will wait until price breaks descending triangle or pulls back to top of descending to enter.
Entry: Break of triangle or pull back to 10ema
Stoploss: tbd
Target: 18.50
We also have a death cross signaled the start of a bear market.
Will wait until price breaks descending triangle or pulls back to top of descending to enter.
Entry: Break of triangle or pull back to 10ema
Stoploss: tbd
Target: 18.50
Trade active
entered at 27Trade active
Stoploss: Trailing 20ema on daily chartNote
Updating Stop loss:Stop Loss: Trailing 10ema
Trade closed: target reached
Target reached @ 18.50. +31.48%, +4.17R
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.