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Starbucks: ⬇️ Sell
– Starbucks broke the support area
– Likely to fall to support level 76.15
Starbucks recently broke the support area between the support level 85.00 (which stopped 2 earlier waves – 1 and i) and the 50% Fibonacci correction of the upward impulse wave 1 from April.
The breakout of this support area accelerated the active impulse wave c of the medium-term ABC correction 2 from the end of July.
Given the multi-month downtrend, Starbucks can be expected to fall to the next support level 76.15 (former low of waves A and (2)).
Source: https://fxpro.news
