Elliott Wave Technical Analysis: Starbucks Inc.

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Feb 20, 2023 at 7:45 AM EST

Looking for long into wave 5 as wave 4 should hold.

Starbucks Inc., Elliott Wave Technical Analysis

Starbucks Inc., (Nasdaq: SBUX): Daily Chart, 20 February 2023.

SBUX Stock Market Analysis: Looking for a three wave move to be part of wave D of a higher degree triangle in wave IV. It looks like we are at the final stages of wave (C).

SBUX Elliott Wave Count: Wave 4 of (C).

SBUX Technical Indicators: 20EMA as support.

SBUX Trading Strategy: Looking for long into wave 5 as wave 4 should hold.

Analyst: Alessio Barretta

Starbucks Inc., SBUX: 4-hour Chart, 20 February 2023.

Starbucks Inc., Elliott Wave Technical Analysis
SBUX Stock Market Analysis: Looking for a sideways wave 4 to alternate with the sharp wave 2. Looking for further upside in wave 5.

SBUX Elliott Wave count: Wave 4 of (C).

SBUX Technical Indicators: 20EMA as support.

SBUX Trading Strategy: Looking for long into wave 5 as wave 4 should hold.

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