If it breaks here though, expect the entire market to be influencing downside
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RSI LSMA suggest upside on a 3d time frame
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Lookin at one of these again I think lol If this is infact C, then from the start of C, to my target would be .382 from the bottom! its .618 the size of red impulse! and 1:1 the size of first orange ABC. But again could still just drop to the lower 1X.XX$
what a beautiful spiral! great stuff as always. Until today I had not heard of DKNG. Love the find.
CrashBandicoot99
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2022 looks promising though. We will see.
CrashBandicoot99
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Appears to be in breakout mode..back above 30. Not sure if 25 is still in the cards.
williamdas
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@RocketFuel20, I agree it looks impulsive - Only reason why I'm thinking possible lower is because wave 3 always tricks into thinking its over, when its really a sort of flat
jmarconi1995
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Hey man I love your charts I’m just wondering if you have an updated draftkings one I can see? 🙏🏻
jmarconi1995
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@jmarconi1995 if we get a 1:1 are we going to 12 from here you think? Also what would wave 3 look like back up from there
williamdas
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@jmarconi1995, Haven't had much luck counting it recently, but the 20 and 200 moving average indicator is the best way to find out now
williamdas
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@jmarconi1995, Once the price has a strong green candle - the 20 ma ( red wavy line ) will start to average itself toward the 200 (green) - If the red line looks like it will head toward the green, then the price could be already at it or above it
jmarconi1995
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Okay great thank you ! Heading down towards 5 near 12. Do you think it can get there sooner than may or is that probably the target ? Just seems when it moves it moves fast
williamdas
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@jmarconi1995, You should 100% check out this man named Oliver Velez on youtube, Someone on here mentioned him , the stuff he teaches completely changed my trading- Don't think until the s&p500 starts turning up that other stocks like dkng gonna really take off finally