* SBUX closed lower 2 consecutive weeks. (see weekly chart 2 red candles)
* A close below $60.77 (this weeks low) creates 3 black crows (see the 2 red candles on the weekly. This weeks candle so far is green). A close below the low changes the green candle to a redcandle.
* The current price is $10 higher than the weekly R3 (That's is a parabolic move higher)
* SBUX should drop to at lease R3. Probably R2 at $47.00
* A close below $60.77 (this weeks low) creates 3 black crows (see the 2 red candles on the weekly. This weeks candle so far is green). A close below the low changes the green candle to a redcandle.
* The current price is $10 higher than the weekly R3 (That's is a parabolic move higher)
* SBUX should drop to at lease R3. Probably R2 at $47.00