On the Starbucks
chart we can see a pretty nice harmonic pattern
- Bearish Bat
. From the PRZ we might see a rejection back to 51.27. The 20 periods average volume
is descending for the up move that got the price in the potential reversal zone, and this could be a good signal for this theory. A close over the marked zone would invalidate the pattern, and signal a possibility of a trend continuation.