Start to Learn Now!
Subscribe to my video course
and learn to predict market moves
YouTube Channel
Subscribe to my
YouTube channel
Check My Latest Updates!
Check all the recent updates
DBA - closed Friday in my green target box
On 1 March 2019 I posted a bullish chart (below) and noted that it has completed a corrective structure that started at the $43.50 top in February 2008. On march 1st I wrote: “DBA is hitting a cluster of three different fibs at 16.35. It has a very clean bottoming structure”.
DBA - 15 min chart updated on 3/01/2019
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”.
DBA - 15 min chart updated on 3/25/2019
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.
DBA - 15 min chart updated on 3/31/2019
