SBD retested the downtrend line today, exactly like I predicted 3 days ago... Is yellow wave 2 done?
I am waiting for volume and/or bullish wick confirmation to make that guess.
If this strong support line is not able to end the downtrend, we will likely see SBD drop to 1.4$, which is where I have my buy rung set up again. The last time it was not filled when the price turned @2.16$.
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
MUST READ!
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.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)