DKNG 02-06-2021 Long
Asset and Time frame -Daily,DKNG
Entry Price -49.51
Exit(Stop Loss) -47.08
Exit(Take Profit) -57.28
Technical Analysis - Price has left the uptrending daily channel after a very long duration, price reacted nicely to the -61.8 Fibonacci level with decent volume at the bottom,usually when the price reaches the -61.8 level with a good bullish candle, it will retrace back to the 0.0 Fibonacci level.
Good luck!
Entry Price -49.51
Exit(Stop Loss) -47.08
Exit(Take Profit) -57.28
Technical Analysis - Price has left the uptrending daily channel after a very long duration, price reacted nicely to the -61.8 Fibonacci level with decent volume at the bottom,usually when the price reaches the -61.8 level with a good bullish candle, it will retrace back to the 0.0 Fibonacci level.
Good luck!
Note
Stop loss didnt trigger yet since the gap was closed up before the market open, trade is still on.Trade closed: stop reached
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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.