Fill The Gap Into $SBUX Short Setup, RR of 1:4

Understanding My Investment and Trading Strategy
I focus my charting on three key elements:
1. Price Action via Engulfing Patterns: I look for larger bullish or bearish candlesticks.
2. Price Gaps After Earnings Announcements or News Catalysts: These gaps can indicate significant price movements.
3. Volume Spikes: These confirm increased buying or selling pressure.

These elements help me identify demand and supply zones (support and resistance).

Trade Example
Long Trade:
Entry: $73.06 from the first demand zone (starting May 1st for 5 days).
Stop Loss: A close below $68.
Target: $85.
Risk/Reward Ratio: 1:2.4.

My Trade Idea
Short Trade:
Entry: $87 when the gap is filled.
Stop Loss: $90, due to significant selling pressure from the recent earnings report.
First Take Profit: $75, with a Risk/Reward Ratio of 1:4, just before the $73.06 demand zone (which is likely to fail if tested again).
Second Take Profit: $61, anticipating that $60 might be a psychological barrier for investors with buy limits, and it's close to the demand zone at $57.23.

For Long-Term Investors Interested in Starbucks
Price Target for Buying: $57.23, which corresponds to a Price/Earnings (PE) Ratio of 16.
Dividend Yield Target: $56.25, offering a 4% dividend yield. Considering a 5-year dividend growth rate of 9.24%, this results in a 13.24% Rate of Return (RoR).