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DraftKings Inc.(DKNG:NASDAQ) Elliott Wave Technical Analysis 17 July 23

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DraftKings Inc., Elliott Wave Technical Analysis
DraftKings Inc., (DKNG:NASDAQ): Daily Chart, 17 July 23
DKNG Stock Market Analysis: We have been looking for upside for a while, as we keep moving higher. We could be in a wave 5 of a higher degree wave (C). Invalidaiton level stand at a break of the top of wave {i}.
DKNG Elliott Wave Count: Wave 5 of (C).
DKNG Technical Indicators: Above all averages.
DKNG Trading Strategy: Looking for longs into wave {v}.
TradingLounge Analyst: Alessio Barretta
 
DKNG_7_17.png.88f0aca5e2bf7034e4b62d81970adaba.png
 
 
 
DraftKings Inc., DKNG: 4-hour Chart, 17 July 23
DraftKings Inc., Elliott Wave Technical Analysis
DKNG Stock Market Analysis: Looking for a wave {iv} to start forming as we hit 0.618 5 vs. 3. Looking for a three wave pullback into wave {iv} to then resume higher.  
DKNG Elliott Wave count:  Wave {iv} of 5.
DKNG Technical Indicators: Above all averages
DKNG Trading Strategy: Looking for longs into wave {v}, looking to see if the 38.2% retracement of wave {iii} will hold as support.
DKNG_4H.png.165bc07f7fc3be8845649e38665e668a.png
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