DKNG
Price was in an uptrend from January '23 through July '23.
It then started to move sideways between July '23 and September '23, forming lower highs into the trendline.
The uptrend was finally broken in late September '23/early October '23.
Now, the price finds itself at the resistance level of the previous uptrend and at the downtrend line created by the lower highs observed between July '23 and September '23. Additionally, there is an engulfing candlestick pattern in this area. This serves as my cue to enter a short trade.
Entry: 29.37
Stoploss: 33.56, -14.27%
Target: 20.78, +29.25%, 2.05 RR ratio
Price was in an uptrend from January '23 through July '23.
It then started to move sideways between July '23 and September '23, forming lower highs into the trendline.
The uptrend was finally broken in late September '23/early October '23.
Now, the price finds itself at the resistance level of the previous uptrend and at the downtrend line created by the lower highs observed between July '23 and September '23. Additionally, there is an engulfing candlestick pattern in this area. This serves as my cue to enter a short trade.
Entry: 29.37
Stoploss: 33.56, -14.27%
Target: 20.78, +29.25%, 2.05 RR ratio
Transaction en cours:
Adding to existing entry
Entry: 28.41
Stoploss: 29.30, -3.13%
Target: 20.70, +27.14%, 8.66 RR ratio
Entry: 28.41
Stoploss: 29.30, -3.13%
Target: 20.70, +27.14%, 8.66 RR ratio
Transaction en cours:
adding to existing entry
Entry: 29.37
Stoploss: 33.56, -14.27%
Target: 20.78, +29.25%, 2.05 RR ratio
Entry: 29.37
Stoploss: 33.56, -14.27%
Target: 20.78, +29.25%, 2.05 RR ratio
Trade fermée: ordre d’arrêt atteint:
0-3. Took losses as this move up on earnings hype
trade 1 Stoploss: 33.56, -14.27%
trade 2 Stoploss: 29.30, -3.13%
trade 3 Stoploss: 33.56, -14.27%
trade 1 Stoploss: 33.56, -14.27%
trade 2 Stoploss: 29.30, -3.13%
trade 3 Stoploss: 33.56, -14.27%
Transaction en cours
Transaction en cours:
Price decided to formed a rising wedge on 1hr chart which has now been broken.
Adding to existing trade.
Entry: 38.71
Stop loss: 39.80, -2.58%
Target #1: 25.82, 33.23%, 12.89 RR ratio
Adding to existing trade.
Entry: 38.71
Stop loss: 39.80, -2.58%
Target #1: 25.82, 33.23%, 12.89 RR ratio
Transaction en cours:
adding to existing trade:
Entry: 38.18
Stop loss: 39.80, -2.58%
Target #1: 25.82, 32.37%, 7.63 RR ratio
Entry: 38.18
Stop loss: 39.80, -2.58%
Target #1: 25.82, 32.37%, 7.63 RR ratio
Commentaire:
adding more to existing trade :
Entry: 38.18
Stop loss: 39.80, -2.58%
Target #1: 25.82, 32.37%, 7.63 RR ratio
Entry: 38.18
Stop loss: 39.80, -2.58%
Target #1: 25.82, 32.37%, 7.63 RR ratio
Transaction en cours:
Adding to existing trade.
Entry: 34.75
Stop loss: 36.65, -5.47%
Target #1: 25.82, 25.70%, 4.7 RR ratio
Entry: 34.75
Stop loss: 36.65, -5.47%
Target #1: 25.82, 25.70%, 4.7 RR ratio
Transaction en cours:
Adding to existing trade.
Entry: 33.65
Stop loss: 34.27, -1.84%
Target #1: 25.82, 23.27%, 12.63 RR ratio
Entry: 33.65
Stop loss: 34.27, -1.84%
Target #1: 25.82, 23.27%, 12.63 RR ratio
Trade fermée manuellement
reentry 11/10/2023:
Entry: 34.93
Stop loss: 38.06, -8.96%
Target #1: 25.90, +25.85%, 2.88 RR ratio
Target #2: 20.78, 40.51%, 4.52 RR ratio