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xtremerider8

Commodities gap turned support; bounced above TL, VWAPs & 0.236

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iPath Bloomberg Commodity Index Total Return ETN (AMEX:DJP)  
xtremerider8  
AMEX:DJP   iPath Bloomberg Commodity Index Total Return ETN
Technical Indicators Chart Patterns Commodities
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indicator chartpattern commodities
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
Aviso legal

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