SBUX doesn't look good for bulls.
We see a head and shoulders pattern, but frankly speaking, SBUX looks so bearish now that entering short now may be not a bad idea.
However , in order to take a short position based on the confirmation, it's better to wait for a neckline (support) breakdown.
2 targets are shown on the chart.
Stop loss: 106$
We see a head and shoulders pattern, but frankly speaking, SBUX looks so bearish now that entering short now may be not a bad idea.
However , in order to take a short position based on the confirmation, it's better to wait for a neckline (support) breakdown.
2 targets are shown on the chart.
Stop loss: 106$
Trade active:
right shoulder is ready
Trade active:
playing out as expected . Wait for the target to be reached
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