SBUX Simple Short Setup

24 Mar 2023

SBUX like many other stocks out there has multiple Head & Shoulders pattern.
One H&S is mammoth the other smaller. It so happens that price is simultaneously
breaking a recent up channel.

A break here could possibly result in a significant price drop.

It is better to be out of a trade wishing you were in rather than in a trade wishing you were out.


Caution is in order.

15 Nis 2023

Not

Still no break of strucutre. Nothing to do but observe

4 Eyl 2023

Not

Still waiting for the break. But this chart has created an extreme amount of H&S all over the place. Typically this is very bearish.

21 Eyl 2023

Not

Sometimes stocks want to go down but the markets aren't when that happens you get a chart such as this one.

27 Eyl 2023

Not

As expected.