Star Bulk Carriers Corp. (SBLK) - Macro Timeframe

This is the main idea for SBLK. I’m confident we’re in the early stages of a major impulsive move to the upside. Taking both financial and Elliott Wave perspectives into account, this scenario fits the overall context the best. I expect the price to break above the 2022 high in the near future. The red line marks a clear invalidation point for this outlook.