Agricultural commodities ETF (DBA) price is confined within a descending triangle from 2008.There is an approximately 3 year cycle from top to top and from bottom to bottom.If this pattern continues then the price may hit its final bottom at 24$ in mid 2016. (Bearish scenario).However if DBA manages to stay above 26$ and break the descending resistance line from 2008 it may then complete an inverted head and shoulders pattern and break out of the triangle towards 34$ (bullish scenario)
Bearish Scenario
Bullish Scenario
Bearish Scenario
ليست هناك تعليقات:
إرسال تعليق