DNT - downwards channel
As can be seen on the chart, DNT is in a downwards channel, breaking through support and retracing up to the trendline.
I have drawn a few possible scenarios where it could break upwards from the channel to the next resistance, or, what i believe is more likely considering the channel; it will break down on this support, and may rebound off the lower resistance turned support back up to the trend line. Have to wait and see with this one for confirmation of where it may go. Not getting much from the indicators atm.
I have drawn a few possible scenarios where it could break upwards from the channel to the next resistance, or, what i believe is more likely considering the channel; it will break down on this support, and may rebound off the lower resistance turned support back up to the trend line. Have to wait and see with this one for confirmation of where it may go. Not getting much from the indicators atm.
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