DKNG is in a nice megaphone pattern since the beginning of 2021, recently we have been making higher lows and consolidating in the 67-72 range. If we can maintain this consolidation i think we could see a breakout to the top of the megaphone PT 79 with a high PT of 81.
The trade that i have outlined has a risk to reward of 5.4 and a stop loss on the break of the green support zone that would signify a probable drop to the bottom of the megaphone.
The trade that i have outlined has a risk to reward of 5.4 and a stop loss on the break of the green support zone that would signify a probable drop to the bottom of the megaphone.
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.
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.