NASDAQ:SBUX Cannot help seeing bearish, trend reversal structures everywhere.. now in SBUX WHY - nicely formed double top and unlike double top in AAPL this one is formed - broad market seems to be topping - very nice divergence in indicators - bearish engulfing on W
HOW - short stock with a tight stop - consider options on a lower timeframes (1H,4H) on the way down
TARGET - 0.68 Fibo of the previous move up on M supported by 200MA
ENTRY - immediate on W chart as the rest of the market is about to turn down