Finally
SBUX has been topping for ages. I figured the drama with their interim CEO, union struggles and losing the claim against the labour board would have caused this to break down sooner but 1 day delayed technically.
This has broken down finally, after like a month of topping, immediate target is 92.24, falling through that will bring us to 89.
This is a monthly outlook.
Not advice!
This has broken down finally, after like a month of topping, immediate target is 92.24, falling through that will bring us to 89.
This is a monthly outlook.
Not advice!
Note
I forgot to update this idea and then I made a mistake updating haha.
So the target got hit, but we left this huge gap on the daily.
Now with the FOMC hawkish news, we have a huge gap to fill down to 78 on the daily timeframe:
I want to take the position, but the position I shared here for the 92 and 89 target was a nightmare and 3/4, took forever to finally hit it. Not sure if it just gives it up quickly this time or not. But yeah, its there if anyone is interested haha.
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