Today, we will share a clear trading situation we are observing on SBUX.
Main items to pay attention to:
a) Ascending channel: key structure of the bullish movement
b) Support Resistance Area: The price is above this level showing strength on the bullish view
c) Flag Pattern: Continuation structure supported on the Ascending trendline + Support zone
How to execute a setup?
We will open positions above "B," and we will aim for a final target on the 2nd fibo extension. We will protect our setup on the first fibo extension. Stop below "C". We expect a 30 days resolution if the price executes our order. Cancel if the price goes below the stop level.
Thanks for reading!
Main items to pay attention to:
a) Ascending channel: key structure of the bullish movement
b) Support Resistance Area: The price is above this level showing strength on the bullish view
c) Flag Pattern: Continuation structure supported on the Ascending trendline + Support zone
How to execute a setup?
We will open positions above "B," and we will aim for a final target on the 2nd fibo extension. We will protect our setup on the first fibo extension. Stop below "C". We expect a 30 days resolution if the price executes our order. Cancel if the price goes below the stop level.
Thanks for reading!
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.