It looks like the SBUX is one of the first stocks from S&P500 which is ready for a severe and long-term correction. I'm not sure yet, but I do not expect SBUX can form any new major high. I'm looking to open a short position if the market gives me such opportunity...
P.S.
Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on my fork of Elliot theory. The simplified concept of this fork is published here: plus.google.com/1027...72/posts/Sc1MCdZiWNR
P.S.
Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on my fork of Elliot theory. The simplified concept of this fork is published here: plus.google.com/1027...72/posts/Sc1MCdZiWNR