farmtrader15

Starbucks will do down short-midterm

Satış
farmtrader15 Güncellendi   
NASDAQ:SBUX   Starbucks Corporation
Today I entered into a put option position on Starbucks expecting a pullback to the 79-84 area. (golden pocket and .5 retracement level)

Some reasons:
- Bearish divergence on medium time frame oscillators
- Resistance levels noted on the chart as trend lines

It appears that Starbucks may be forming a head and shoulders pattern as well, I plan to hold some of my position in case this pattern plays out.

Goodluck!
Yorum:
I am not a pro with head and shoulders, so I am not sure if I can draw the pattern without the wicks like I did for the march 2020 bottom. I figured that was a black swan event so I could alter the pattern slightly to fit my bias.

Regardless, let me know what you think about my head and shoulder pattern!
İşlem aktif
Yorum:
Dovish Fed pushed the market higher but I think this is a dumb money rally. Smart money is has been existing for a week now. (hedge funds)

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.