DBA Powershares Agriculture ETF – Potential Bullish Weekly Hammer Reversal Candle Pattern

by Olivier on May 29, 2014

Another potentially bullish ABC – Pattern in the making. So far he weekly candle looks like it will end up being a bullish hammer reversal candle. DBA – Powershares Agriculture ETF is in the process of building out a bullish flag. This looks like a low risk entry before the thrusting move leading into the bull flag resumes. If the analysis is valid the stock shouldn’t close below this week’s low.

Click on chart to enlarge:

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