DKNG Newbie Analysis [5 Sep 2021]
Bullish but forsee retracement.
It might be in Wave 1 and entering Wave 2 retracement. There is a bearish rising flag forming too. Candles getting smaller as days go by.
Plan
Can consider enter the trade at 61, go short and have a tight stop loss :) but should be better to just wait and see and entry later on.
[I] Everything can go wrong so long the counting for wave is wrong[/I]
Stop Loss
63
Price Target
- 53.51 (38.2% using Fib 60/43)
- 51.50 (50% using Fib 60/43)
- 49.50 (61.8% using Fib 60/43)
This is not financial advice.
Please be kind, I am really new and welcome constructive feedback:)
It might be in Wave 1 and entering Wave 2 retracement. There is a bearish rising flag forming too. Candles getting smaller as days go by.
Plan
Can consider enter the trade at 61, go short and have a tight stop loss :) but should be better to just wait and see and entry later on.
[I] Everything can go wrong so long the counting for wave is wrong[/I]
Stop Loss
63
Price Target
- 53.51 (38.2% using Fib 60/43)
- 51.50 (50% using Fib 60/43)
- 49.50 (61.8% using Fib 60/43)
This is not financial advice.
Please be kind, I am really new and welcome constructive feedback:)
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