tradersviewnet

tradersviewnet

You can see the move from the low to the high was a parabolic move. Looks like it can crash from here.

tradersviewnet

* SBUX closed lower 2 consecutive weeks. (see weekly chart 2 red candles) * A close below $60.77 (this weeks low) creates 3 black crows (see the 2 red candles on the weekly. This weeks candle so far is green). A close below the low changes the green candle to a redcandle. * The current price is $10 higher than the weekly R3 (That's is a parabolic move higher) *...

tradersviewnet

This is our forecast for the next 5 years.

tradersviewnet

* We believe wave 2 of the downtrend is complete. * Wave 1 of wave 3 is about to begin. * Wave 5 of wave 3 should last 18-24 months.

tradersviewnet

Wave 2 of the down move looks about complete. Wave 3 of down move should start soon with wave 1 of wave 3 ending around $175.00 Timeframe for wave 5 of wave 3 completion is 18-24 months.