Short

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!

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.

Steversteves

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Steversteves

Easter sale starts April 18th for 50% off!
Get:
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves

Also on: