DraftKings Inc.

Long

Updated

DKNG

If the first impulse is going to ratio the larger future waves, I think this is how it will end up playing out
s3.tradingview.com/snapshots/h/hkRQsR1v.png
Length of first red wave 1,
s3.tradingview.com/snapshots/1/1fw0u8Dg.png
length placed at start of wave 3, waves often overthrow the lines, but it doesn't invalidate
now,
s3.tradingview.com/snapshots/w/Wosc5hWl.png
size of Impulsive starting from 0.00
s3.tradingview.com/snapshots/v/VIizkmh7.png
placed from its .618 green zone - Target is 25$ before upside

snapshot

I believe this is the A wave, a running flat

snapshot

the following B wave, which is .618 the size of the A wave

Note

snapshot

and then u align Lol

snapshot

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If it breaks here though, expect the entire market to be influencing downside

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snapshot

RSI LSMA suggest upside on a 3d time frame

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snapshot

Lookin at one of these again I think lol
If this is infact C, then from the start of C, to my target would be .382 from the bottom! its .618 the size of red impulse! and 1:1 the size of first orange ABC.
But again could still just drop to the lower 1X.XX$

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I'm thinking lowest is 17 before a reversal

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Looks impulsive off the bottom as of 1/7/22

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snapshot

might be done from here

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way may see a 1:1 to 12$

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DKNG

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Related publications

DKNG

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.