$DBB long off support RR = 1:5

6 giu 2023

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