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CCube
Feb 2, 2018 8:09 PM

SBUX- due for a CORRECTION Short

Starbucks CorporationNASDAQ

Description

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.
Comments
moneyrules
I really don't think 50 will hold... in my eyes we need at least a 0.382 correction for wave 4 in order to make parabolic moves again...
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