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gb50k

$DBB long off support RR = 1:5

Long
Invesco DB Base Metals Fund (AMEX:DBB)  
gb50k  
AMEX:DBB   Invesco DB Base Metals Fund
Volume Double Top or Bottom Support and Resistance
3
1
volumestudies doubletoporbottom supportandresistance
DBB weekly .

Confluence of:

  • AVWAP support from multiple historic lows.
  • Recent double bottom (TBD)
  • Support going back to 2008. Tested multiple times (inc 2010 and 2022's October lows)
  • Volume Profile LVN consistent with the 2008 support.

My trade:

  • SL: the support zone.
  • TP: The VAH ~ around ~$21.16 appears to offer the best expected value (risk neutral)

Not Financial Advice
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