iPath Bloomberg Commodity Index Total Return ETNArca
Description
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DJP commodities back to short term uptrend with 2 higher highs & now also 2 higher lows. It just recovered the uptrend line after filling the previous up-gap (the green zone). It also bounced above the 2 VWAPs & FIB 0.236 level. However, it still have to go back inside the ascending triangle where it BO from. If DJP holds the TL & also go back into triangle in the next few days, then this BO was a beartrap. Not trading advice