DKNG fell from an ugly top to almost the exact level that is targeted using charting rules or pattern rules. Many use the head of the ugly top and draw a line to the neckline, then move it to project downward from the neckline. Never means it can not fall less or more, so just a guesstimate. You can draw your line and use the magnet to move it.
I have noticed lots of failed head and shoulders patterns as of late. This one made it to the bottom of the pattern.
No recommendation
I have noticed lots of failed head and shoulders patterns as of late. This one made it to the bottom of the pattern.
No recommendation
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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.