Cup and HandleDKNG has broken long entry level then pulled back, experiencing a throwback.
Support can be found at mid cup and handle low. Some use the last pivot low.
4 dojis and 1 spinning top on the handle. There is another doji beneath the handle and a couple of spinning tops. Doji candlesticks and spinning tops are abundant in the market and can be as plentiful as weeds in a garden. Sometimes best to look at several candles in a row verses focusing on one candle to get an idea of market sentiment. A true doji has no body to the candle and is just a straight line where close and open are equal. (+) There are numerous types of dojis, gravestone, dragonfly, long legged dojis etc. I would say the first 2 are true dojis and the second 2 are spinning tops because they have a small body. Spinning tops can represent indecision. The 2 spinning tops are followed by a fairly strong red candle that "engulf" the bodies of the 2 preceding candles, then a fairly strong green candle that opens and closes within the body of the preceding candle which some would call a bullish Harami. There are some fantastic books on candles and a lot of information online as well.
Candle shadows (or wicks fr top shadows and tails for bottom shadows) can be important areas of support and resistance. If you see 3 tall wicks on candles very close together that reach the same (or close to the same) level, there is a good chance there is resistance there and price is struggling to break through it. Same with 2 or 3 tails that end at close to the same level can indicate support is lurking at that area. S and R levels were made to be broken or the market would be ranging all the time. There are some levels that are stronger than others. IE..an IPO, a new stock has not had a chance to form these levels and can be very difficult to trade. I discovered this the hard way )O:
Bullish candle patterns work best in an uptrend or at the bottom of a downtrend serving as a reversal signal and bearish candlestick formations often work best in a downtrend or at the top of an uptrend serving as a possible term reversal signal. Reversal does not usually mean a total trend change and could only be a reversal up or down for a few days. In other words, candles do have meaning, but the trend they appear in and the total picture of price is important.
Not a recommendation