DOGS Approaching a trend reversal.For clarity, I’ll show everything on a line chart. There isn’t much to illustrate here: a descending channel starting from the listing, within which the most likely scenario is an extreme drop to the 3279-2665 area. This is the capitulation zone, from where a reversal is most likely to occur.
It’s also worth noting that volumes are already decreasing, which is a good sign of an upcoming trend reversal in the near future.
