Teucrium Wheat Fund
Long

WEAT BO of triangle; gapped up to VWAP middle of conso box

71
As I posted a day or two ago, I have an upside bias with only a small retracement. Although a BO/ gap up from the descending triangle is a positive sign, WEAT has just returned to the mean finishing the day with an indecision candle right in the middle of a DARVAS BOX. It may still go either way.
Wait for reaction tomorrow at the anchored VWAP from the Jan low. However a better entry would be the BO of this BOX making a higher high or a retracement to the lower box.
Not trading advice.

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.