📈SBUX has been moving inside a clean rising channel for years, respecting both the upper and lower bounds with precision.
⚔️Right now, Starbucks is retesting the lower bound of this long-term channel, a zone that has historically acted as a strong support (blue arrows).
As long as this area holds, we will be looking for trend-following longs, aiming for a continuation toward the mid and upper boundaries of the channel.📈
Nothing is confirmed yet, but this is exactly where buyers have stepped in many times before.
If the structure holds, the next bullish swing could already be brewing. ☕️
Do you think SBUX is ready for its next leg up? Share your thoughts below! 👇
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
⚔️Right now, Starbucks is retesting the lower bound of this long-term channel, a zone that has historically acted as a strong support (blue arrows).
As long as this area holds, we will be looking for trend-following longs, aiming for a continuation toward the mid and upper boundaries of the channel.📈
Nothing is confirmed yet, but this is exactly where buyers have stepped in many times before.
If the structure holds, the next bullish swing could already be brewing. ☕️
Do you think SBUX is ready for its next leg up? Share your thoughts below! 👇
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
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Trusted CFD Broker
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Trusted Crypto Prop Firm
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.