Starbucks Corporation
Short
Updated

SBUX 1h time frame analysis

260
Hi trader,

Recently we published the trading idea of SBUX on a 1W time-frame:
SBUX in a downtrend


Today, let's have a look at 1h time-frame.
As we can see there are bearish regular divergences and we're expecting them to play out in the short-term.

The short position can be taken now as the price reached the resistance also on the higher time frames.

Target: 91,74$
stop loss: 99 $
Trade closed: target reached
Target reached. Congratulations

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