DKNG - Drop towards 35/40 possible before seeing any rally

DKNG - Not sure about the wave count for this rise but the fact it's so overlapping and contained within this channel makes me believe it's a corrective move rather than a Diagonal for exemple.

The bigger picture seems to suggest we're potentially in a wave 2B Flat, meaning we'll see one more push down to the noted Fib levels in impulsive fashion.

If this goes down in a corrective fashion though, we might see it turn into a Triangle or a complex correction.