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 readyTrade active
playing out as expected . Wait for the target to be reached
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.