SBUX Simple Short Setup

SBUX like many other stocks out there has multiple Head & Shoulders pattern.
One H&S is mammoth the other smaller. It so happens that price is simultaneously
breaking a recent up channel.

A break here could possibly result in a significant price drop.

It is better to be out of a trade wishing you were in rather than in a trade wishing you were out.


Caution is in order.

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Still no break of strucutre. Nothing to do but observe

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Still waiting for the break. But this chart has created an extreme amount of H&S all over the place. Typically this is very bearish.

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Sometimes stocks want to go down but the markets aren't when that happens you get a chart such as this one.

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As expected.