DKNG Bullish... for a bit.
Updated
Price boxing up on the hourly, possible right shoulder forming a Head and Shoulder candlestick pattern. MFI shows a slightly higher low against falling prices as well. Possible short term bullish entry around 47.50 for me, where I've highlighted possible buying and selling areas based on Volume Profile. If I miss the entry then I'll go with the overall bearish entry around 54-55. With news turning sour it's hard to imagine an overall bullish position anywhere in this price range. This is all theoretical, of course.
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45.90 entry. Looking for a H&S neckline retest to around 50-51. Perfect scenario is neckline, POC to price, then reverse position for the longer term bearish position.
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