SBD is starting to look bad again. But the last time it looked that bad, we saw a sharp reversal from 2.3$ to 6$.
We have a few strong support levels left, so there is no reason to worry yet.
In this update I want to show you those reversal levels that we might see reacting soon:
The next probable reversal levels are 2.88$, 2.25$ and 1.78$.
In the best case scenario, the uptrend line will be breached for a few hours, but then it shoots back up again into the triangle (preferably on heavy buying volume).
That is what I am looking for now... Stay tuned...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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