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!
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。