The Powershares DB Multi-Sector Commodity Trust Agriculture Fund (DBA) is nearing the 1:2 ascending Gann angle at the 50% price retrace. The Ag stocks have been under pressure for several weeks and are setup to bounce from here.

Chart courtesy of Stockcharts.com
Price has made an a-b-c correction after a big move.
Tags: A-B-C Correction · Gann Angle Fan · Price RetraceNo Comments
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