Starbucks: ⬆️ Buy
– Starbucks broke resistance zone
– Likely to rise to resistance level 100.00
Starbucks recently broke the resistance zone between the resistance level 96.00 (which stopped waves a and (iv) at the end of September and the start of October), 38.2% Fibonacci correction of the downward impulse from August and the resistance trendline of the daily down channel from the start of September.
The breakout of this resistance zone accelerated the active impulse wave 3, which started earlier from the strong support level 86.00.
Given the recent breakout of the aforementioned down channel, Starbucks can be expected to rise further toward the next round resistance level 100.00 – former strong support, which stopped wave (b) at the start of August.Starbucks Wave Analysis – 19 October 2026
Starbucks: ⬆️ Buy
– Starbucks broke resistance zone
– Likely to rise to resistance level 100.00
Starbucks recently broke the resistance zone between the resistance level 96.00 (which stopped waves a and (iv) at the end of September and the start of October), 38.2% Fibonacci correction of the downward impulse from August and the resistance trendline of the daily down channel from the start of September.
The breakout of this resistance zone accelerated the active impulse wave 3, which started earlier from the strong support level 86.00.
Given the recent breakout of the aforementioned down channel, Starbucks can be expected to rise further toward the next round resistance level 100.00 – former strong support, which stopped wave (b) at the start of August.