2 minutes ago Welcome back! Let me know your thoughts in the comments!
** Starbucks Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Beautiful analysis on Starbucks. Personally from my analysis; on the Monthly, price has failed to make a Higher-high from its previous high, instead it made a lower-high. Secondly, the daily Timeframe has a inner bearish trend line that price is currently reacting to as a 3rd touch. So for me, price will need to break that inner trendline to activate a short-term buy trade to $103.86. But overall, if the price breaks the current support below $96, we may see a further drop $83.85. Like I said, that’s my personal opinion. Thanks for bringing my attention to Starbucks! Great analysis. Started following you.
BKTradingAcademy
⋅
@phowops Thank you so much! 😊Great observation and detail of the monthly. You further confirmed and added to my bias :) Let’s see what Starbucks delivers! 😉