Hello Traders!
I see a possible short coming for SBUX as I will watch what it does at this critical level.
There is a Gap below I am looking at for a possible TP.
Reversal Signals:
Approaching Overbought on RSI for: Daily/Weekly TF
Divergence on RSI
I will be patient before making any type of move. I have a long term bullish outlook so I like to confluence on the Fibonnaci levels.
I see a possible short coming for SBUX as I will watch what it does at this critical level.
There is a Gap below I am looking at for a possible TP.
Reversal Signals:
Approaching Overbought on RSI for: Daily/Weekly TF
Divergence on RSI
I will be patient before making any type of move. I have a long term bullish outlook so I like to confluence on the Fibonnaci levels.
Note
Entered a put at 99.26 and exited at 96 when it retraced at the orange line. Going to watch to see how price reacts to my resistance level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.