SpyMasterTrades on Nostr: Invesco DB Energy Fund DBE just formed an inverted hammer on the 6-month candlestick ...
Invesco DB Energy Fund DBE just formed an inverted hammer on the 6-month candlestick timeframe. This may be signaling a major reversal (though it won't necessarily happen right away).
#DBE's overall structure on this timeframe is a bull flag (shaded in red). Price has descended to and is appearing to find support on the EMA ribbon.
#Energy is likely to break out right as we head into a recession, which could cause strong stagflation.
#Commodities / #Gold / #Bitcoin / #Inflation
Published at
2023-12-29 21:54:16Event JSON
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"content": "Invesco DB Energy Fund DBE just formed an inverted hammer on the 6-month candlestick timeframe. This may be signaling a major reversal (though it won't necessarily happen right away). \n\n#DBE's overall structure on this timeframe is a bull flag (shaded in red). Price has descended to and is appearing to find support on the EMA ribbon. \n\n#Energy is likely to break out right as we head into a recession, which could cause strong stagflation.\n\nhttps://m.primal.net/HVrO.png\n\n#Commodities / #Gold / #Bitcoin / #Inflation",
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