SBUX Simple Short Setup

Mar 24, 2023

SBUX like many other stocks out there has multiple Head & Shoulders pattern.
One H&S is mammoth the other smaller. It so happens that price is simultaneously
breaking a recent up channel.

A break here could possibly result in a significant price drop.

It is better to be out of a trade wishing you were in rather than in a trade wishing you were out.


Caution is in order.

Apr 15, 2023

Note

Still no break of strucutre. Nothing to do but observe

Sep 4, 2023

Note

Still waiting for the break. But this chart has created an extreme amount of H&S all over the place. Typically this is very bearish.

Sep 21, 2023

Note

Sometimes stocks want to go down but the markets aren't when that happens you get a chart such as this one.

Sep 27, 2023

Note

As expected.