If the confluence of resistance is broken, it will sure be a valid upward momentum, but for now, considering the grand scheme of the things, it seems like a tall order! DENT is imprisoned between MA30 and MA50. The upper boundary of the channel seems relentless with MA50 running alongside it. However, one thing is for sure, the upper line of the channel is growing softer with every swing DENT throws at it! Critical support areas have been designated in blue! Critical resistance zones have been drawn in red! Let's see how things roll out! I gather there will be another leg down to muster the strength needed to smash through the hurdles!
Comment:
Channel Breakout! Wait for the proper setup to enter the trade at the right time!
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