per my weekly symmetry chart, once a good correction occurs I
think it will make a higher low. Again that should be a nice
pullback when it occurs, but something to look for on the next
correction, not a one day or 2 day pullback, but after a good
pullback, it's a weekly chart so you have to keep that into
perspective
short term now it's VERY extended and swing trades who missed a
long entry a while back should not chase it here, but wait for that
larger pullback
per my weekly symmetry chart,
DBA
Posted by matt on 6th of Jun 2016 at 11:32 am
per my weekly symmetry chart, once a good correction occurs I think it will make a higher low. Again that should be a nice pullback when it occurs, but something to look for on the next correction, not a one day or 2 day pullback, but after a good pullback, it's a weekly chart so you have to keep that into perspective
short term now it's VERY extended and swing trades who missed a long entry a while back should not chase it here, but wait for that larger pullback
DBA
Posted by mla127 on 6th of Jun 2016 at 11:42 am
On the daily and weekly, I would even say that DBA start to look like an attractive SHORT trade on the short term ....
edit: A pullback around 21.30/21.40 would be perfect to back test previous resistance ...