Even though Starbucks looks attractive here, there is a gap that needs to fill at $83.44. I would be patient and wait until $81.72 or 161.8% fib extension and see if bottom has formed. For now I am sitting on the side lines and wait for the dust to settle. Possible target 1 - $81.72 Possible target 2 - $73.2
I would definitely take a sip of Starbucks around $73.2.
——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines show support and resistance areas. - Fib lines also show support and resistance areas. - The dotted white lines show the price projection for breakout or breakdown target. Disclaimer: Not investment advice.