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There are multiple ways for bullish counts on the DBC commodities ETF bi-weekly chart. One of these would place the wave 2 low at last November's low with wave 3 now in progress.
The least bullish count is shown below with wave 1 topping on March 8th. Wave 2 would probably bottom later in 2022 perhaps at wave 4 of one lower degree shown by the aqua horizontal line. Wave 3 would then go to significantly higher levels from that low.
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| Bi-weekly chart of DBC commodities ETF (symbol DBC) |
