DKNG bullish wedge

21 ก.ค. 2021

A trend line is generally accepted be a trend line when it makes at least three touches. You can see DKNG has longer upward sloping support, and a succession of lower highs forming compression in price. 44 also seems to get a lot of attention. Price dropped below 44, touched the lower upward sloping trendline, and is now back above the 44 area. I read, when you draw a line on a chart, do it with a crayon, instead of a fine point. The point being, the lines are more like price areas, not price points. There's nothing special about any line. Price is going to do what price wants to do. It simply gives a trader a visual area to help make an objective decision instead of an emotional decision.