farmtrader15

Starbucks will do down short-midterm

farmtrader15 업데이트됨   
NASDAQ:SBUX   Starbucks Corporation
Today I entered into a put option position on Starbucks expecting a pullback to the 79-84 area. (golden pocket and .5 retracement level)

Some reasons:
- Bearish divergence on medium time frame oscillators
- Resistance levels noted on the chart as trend lines

It appears that Starbucks may be forming a head and shoulders pattern as well, I plan to hold some of my position in case this pattern plays out.

Goodluck!
코멘트:
I am not a pro with head and shoulders, so I am not sure if I can draw the pattern without the wicks like I did for the march 2020 bottom. I figured that was a black swan event so I could alter the pattern slightly to fit my bias.

Regardless, let me know what you think about my head and shoulder pattern!
액티브 트레이드
코멘트:
Dovish Fed pushed the market higher but I think this is a dumb money rally. Smart money is has been existing for a week now. (hedge funds)

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.