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zalgbox zalgbox SBUX, D, Short ,
SBUX: Bearish shortfall found in channel pattern ready for breakout
37 0 0
SBUX, D Short
Bearish shortfall found in channel pattern ready for breakout

Strong bearish channel found with a clear shortfall. This channel is about to burst and a breakout is imminent. Considering the bearish shortfall, a bearish outcome is more probable. Shorting here makes sense. Waiting until breakout is confirmed by a closing candle outside the channel is the prudent thing to do. Stop loss around 59.00. Expect a pullback/throwback ...

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