DKNG Update | Crash AheadOne of the best fractal overlays I've seen with some Elliott Waves to go with it.
Price is still in a uptrend but with growing sellers It'll come to an end similar to the last fractal.
During the 3rd wave in the last pattern price experienced its first pullback at (B), and its second at correction wave 4 and the third after the last wave before we witnessed the last push in buyers.
This current cycle price is in a similar stage with a swing low at (b) meaning that we could see another run-up towards major resistance ($63).
This would be the final blow-off-top in general markets. TVC:RUT is already showing signs of weakness which works well with this TA example.
When the time is right I'll do another TA for the downfall. For now I'm bullish but for the horizon I'm very bearish.
