Not the right time for DNL?

DNL failed to move up and instead it dropped 4.90% to close at 6.60. Intra-day low shows that it breaks the 23.6% Fibonacci retracement level (support line) but was able to close above that line. Is the fibo line strong enough to hold the price from dipping further? Near 6.0 is our back up support.

Caveat!

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