ETF Trade Ideas

Invesco DB Agriculture Fund forms bearish "Outside Bar" chart pattern
May 31, 2019

Trading Central has detected an "Outside Bar (Bearish)" chart pattern formed on Invesco DB Agriculture Fund (DBA:NYSE). This bearish signal indicates that the stock price may fall from the close of $16.62.

Tells Me: The recent rally is showing signs of exhaustion; we may see lower prices at least in the short term.

An Outside Bar (Bearish) develops during a strong uptrend when the trading range completely encompasses the range of the prior bar. This signals an exhaustion of the prior uptrend and potentially a reversal.

This bearish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

Price Chart - Invesco DB Agriculture Fund
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