Starbucks Corporation
Short
Aggiornato

SBUX Simple Short Setup

581
SBUX like many other stocks out there has multiple Head & Shoulders pattern.
One H&S is mammoth the other smaller. It so happens that price is simultaneously
breaking a recent up channel.

A break here could possibly result in a significant price drop.

It is better to be out of a trade wishing you were in rather than in a trade wishing you were out.


Caution is in order.
Nota
Still no break of strucutre. Nothing to do but observe
Nota
Still waiting for the break. But this chart has created an extreme amount of H&S all over the place. Typically this is very bearish.

istantanea
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Sometimes stocks want to go down but the markets aren't when that happens you get a chart such as this one.

istantanea
Nota
As expected.

istantanea

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