On the 3W timeframe we can identify a beautiful cup and handle pattern on the DraftKing Stock . With support of various key oscillators and a clear handle breakout we favor a bullish move to the $80 region in the weeks to come !
Trade active
Breakout Support Level is being tested at $39.00. After confirmation price should begin upwards trajectory
Note
Due to the DXY and Jerome Powell , the probability of this trade is diminished .A weekly close below $38.00 invalidates this scenario.
Trade closed manually
Unfortunately i'm closing this trade due to weekly level being breached. Better trades are out there!
Note
Perhaps i might have closed this idea too soon ? ( ;
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.