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Invesco DB Base Metals Fund
Long

$DBB long off support RR = 1:5

88
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
gb50k
Double Top or BottomSupport and ResistanceVolume

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Double Top or BottomSupport and ResistanceVolume
gb50k

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.