$SBAC Pattern Identified and Target

$SBAC is developing a well-know chart pattern. The successful completion of this pattern targets the price noted on the chart.

SBAC


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.


I Believe $SBAC Should Find Support Soon Here

In this tweet, I thought the pullback toward the end of August on $SBAC was the onset of minor (green 4) but it went on to make an additional high, though we’ve now ended up with a more complicated move since then, so I was fairly close on that. This move so far is composed of three swings so may be ending soon, though it has the potential to restest the green EMA as well before, as I believe it will, advancing again towards the target range for intermediate (orange) 3.

SBAC


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.