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ryanfriedman1
Oct 21, 2020 5:11 PM
DKNG Is forming a falling wedge.
Long
NASDAQ:DKNG
120
DraftKings Inc.
NASDAQ
Description
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Oct 21, 2020 5:11 PM
Here, the
DKNG
2 hour chart is forming a falling wedge. This is a very bullish trend so the wedge has a high change of going up once broken.
Blue Arrow: If the candles break the resistance of the falling wedge, enter your position there. (This is also the safest buying point).
White Arrow: If you enter your position at the blue arrow, this will be a great place to put your stop loss to help maximize risk-management.
Comment
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Oct 21, 2020 5:16 PM
P.S. where I put the blue and white arrow is just an estimate of where I think the chart will break out of the falling wedge.
Trend Analysis
Wedge
dknglong
Falling Wedge
Bullish Patterns
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