In the second part of March we got a nice looking impulsive rally clearly subdivided into five micro waves (see below). I count that move up as wave (a) up. This is what I wrote in my private educational chat on 25 March 2019:
“DBA has taken out the first resistance confirming significance of this rally. Now I need a corrective ( b ) down to load”.
Last Friday DBA dropped to my green target box as expected. This drop looks like a corrective looking decline structured as a-b-c. I see two high probability target for that decline: 16.44 and 16.37. After his corrective wave ( b ) down finds its bottom we should see another rally in wave ( c ) up targeting at least 17.30-17.40.