DKNG - Not sure about the wave count for this rise but the fact it's so overlapping and contained within this channel makes me believe it's a corrective move rather than a Diagonal for exemple.
The bigger picture seems to suggest we're potentially in a wave 2B Flat, meaning we'll see one more push down to the noted Fib levels in impulsive fashion.
If this goes down in a corrective fashion though, we might see it turn into a Triangle or a complex correction.
The bigger picture seems to suggest we're potentially in a wave 2B Flat, meaning we'll see one more push down to the noted Fib levels in impulsive fashion.
If this goes down in a corrective fashion though, we might see it turn into a Triangle or a complex correction.
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Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
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Questions? Chat or Comment on Ideas
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Thanks !
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.