$DBB long off support RR = 1:5 Long
Invesco DB Base Metals FundArca
Description
⋅ 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