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Auguraltrader
Feb 9, 2023 4:23 AM

DBA Coiling to Break Out ? Long

Invesco DB Agriculture FundArca

Description

DBA noted to be on the verge of a break out.

Very quickly, here is why:

1. Weekly Candlestick pattern appears more bullish . Subtle buy signal there.
2. MACD rising and just about crossing up and the VolDiv already crossed over.
3. TD Seq is actually still in Bullish trend
4. Daily Candlesticks show a potential rebound, but it needs to break above the TDST (green line)
5. The Daily background MACD histogram is actually bullish and rising

Still early IMHO
Looking for a pop above the line...
Comments
Auguraltrader
Hmm… looks like it might not happen
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