SBUX bullish Cyper pattern with an inside day breakout.
SBUX has an weekly cypher pattern and the entry point is right here, yesterday it was an inside day breakout but it didn't give great follow through.
With regard to weekly level harmonic pattern, a small inside breakout may not be good enough to take as a confirmation entry.
So my game plan will be:
1. pay attention to the intraday price movement to find an uptrend in smaller time frame and try to long.
2. create a long position with an out at 49.95, and a mid-term trade.
3. wait reversal sign like hammer and double bottom here as confirmation entry.
Let's see how it goes and I'll update the trade here.
With regard to weekly level harmonic pattern, a small inside breakout may not be good enough to take as a confirmation entry.
So my game plan will be:
1. pay attention to the intraday price movement to find an uptrend in smaller time frame and try to long.
2. create a long position with an out at 49.95, and a mid-term trade.
3. wait reversal sign like hammer and double bottom here as confirmation entry.
Let's see how it goes and I'll update the trade here.
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