SBD is definitly taking its time in the waiting phase. With so many people being bullish on SBD (including me), I think there is a need for a little panic in this market. This is why I now favor an expanded flat correction like this:

But there is still a possibility for a triangle correction like this:

Both types are equally bullish, but the expanded flat correction has a much lower starting point for the next impulse wave. This means, that if it turns out to be the expanded flat, the target of this next impulse will be approx. 8$ lower than in the triangle version...

In my opinion SBD is a sleeping giant, and when it wakes up it will improve the lives of many people. 30$/SBD is a fortune in some countries...

I'll keep you updated... Stay tuned...

If you think this to be useful information:


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DISCLAIMER: I provide trading ideas using EW and Pattern analysis. 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 are. 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.
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