AS THE MARKET BEGINS TO TURN, A PROPER RETRACE OF PRICE IS ACHIEVED AT THE 50% FIB LEVEL. A, B ,C FORMED AND CURRENT NEW ELLIOT 5 WAVE ABOUT TO FORM WITH TARGET AT 38.2% EXTENSION OR FURTHER. GREAT RETRACE TO FIB LEVEL 50% LAST WEEK FOR AN EXCELLENT BULL TRAP. THIS IS FURTHER COUPLED WITH USA LOCKDOWN WHICH ACCOUNT FOR 65% OF THEIR STORES. DEBATABLE IF ANY FLOW...
With reports of the coronavirus in full force within China and the boarders shut down. This might be the perfect time to short Starbucks. Starbucks now has about 12.75% of all store location in China and reports have stated that all locations have been shut down. No reports have been made about the duration of the shut down, but this will have a significant...
I think we are in Very Strong Fresh Supply and Must Be Respected So Its A good Sell On Options and Stock / Have Good Trade With (Stop Loss)
RSI near 90 on every time frame (including monthly). Will most likely hit that $100, just so they can say they did. ***Let's talk about it ... over some tea"
SBUX could hit $35.00 by CountdownToOct2021 Market Low
2.618 extension hit. Looking for a retrace to previous resistance at the .618 of current leg up. It's just coffee.
Love SBUX but time for a cool off. Gap from 2018 has not been filled all the way, rally has been great but all parties end and this might be one of them at least short term.
This trade is 43 deltas negative and can be done for a credit of 9.01. Best case profit of 901 is achieved below the stake of the sold call of 72.5 and the worst case loss is a loss of 349 per contract above the strike of the bought call, 85. There is technical support at 75 -- this is why the written call strike is below 75. SBUX has a whopping high PE of 30;...
Possible short setup on SBUX, looking entry between 786-886 (highlighted in orange) or 1 line. Don't forget to check the weekly Maxx Momentum to see if we have bearish divergence coupled with loss of momentum. If SBUX breaks the white trend I have on the chart I believe that the targets levels I have are more likely to get tested. Maxx <3
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, it works good for stocks and cryptocurrency. you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. when a green dot appears you buy, if a green dot appears...
Double top on resistance and head and shoulders forming. Cycle from 2009 is due for a correction. Look at the previous cycle for a clue. The trend of parabolic advances may continue after after a correction to 42 or even 50 if lucky, but this year doesn't look too hot for the coffee giant.
I see these two sine waves as you can see, market on the chart. In my head, this could play out as follow: - filling the GAP - wipe out the longs who placed their stop below the minor sine wave - pullback and... - ...because of short term overall market drop, wipe out even the stops below the macro sine wave. Whoaah...a little too far ahead for my feelings. But...