Teucrium Wheat Fund
Panjang

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.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.