Note previous charts. Links provided below.
11:06AM EST 5/29/2014
FYI, I'm not taking this short as I feel that SBUX will continue to make new highs this summer. Sure is tempting to short SBUX here though.
The beauty of Tradingview is that the users are not afraid to be wrong. And just because the stock didn't do what he/she charted doesn't mean that the info was not useful. After a few days we can go back and see what went wrong with the analysis. Tradingview helps me a great deal but in no way do I trade solely because of a chart that I see here.
The reality is that Tradingview is a learning tool. Not a trading tool.
If I was to take this trade I'd take a small short position as it pushes up to 76 and then wait for confirmation of the reversal which IMO would be when SBUX trades below 69.75.
It'll be interesting to watch though.