We now see the Starbucks stock in the final stage of the magenta-colored wave (1). Primarily, we still grant this movement some room to the upside, but from a technical perspective, the high of September 12 could already have marked the top. This alternative scenario (35% likely) will come into play on a drop below the support at $90.18 and would see a dive into our magenta Target Zone (between $85.52 and $77.52).
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.