DKNG
After spending all of 2021 moving sideways, we saw a Death cross of 50 and 200 ema and price broke down and entered a Downtrend.
Since Nov. 2021, price has been on a strong downtrend.
The Downtrend needed a breather and pulled back in form of a Bear flag.
Price has pulled back to Fib level 0.382 and we have also seen a couple Gravestone dojis at this level over the past 5 days. This is my que to enter
Will be entering trade to short.
Entry: 22.96
Stop loss : 25.94
Target: 17.58 – RR ratio 1.81
After spending all of 2021 moving sideways, we saw a Death cross of 50 and 200 ema and price broke down and entered a Downtrend.
Since Nov. 2021, price has been on a strong downtrend.
The Downtrend needed a breather and pulled back in form of a Bear flag.
Price has pulled back to Fib level 0.382 and we have also seen a couple Gravestone dojis at this level over the past 5 days. This is my que to enter
Will be entering trade to short.
Entry: 22.96
Stop loss : 25.94
Target: 17.58 – RR ratio 1.81
Trade closed: target reached
Exit: 17.58 - +23.43% - RR ratio 1.81
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.