zalgbox

Bearish shortfall found in channel pattern ready for breakout

Short
NASDAQ:SBUX   Starbucks Corporation
Strong bearish channel found with a clear shortfall. This channel is about to burst and a breakout is imminent. Considering the bearish shortfall, a bearish outcome is more probable. Shorting here makes sense. Waiting until breakout is confirmed by a closing candle outside the channel is the prudent thing to do. Stop loss around 59.00. Expect a pullback/throwback after confirmation.
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.