Starbucks Wave Analysis – 22 January 2026

Starbucks: ⬇️ Sell

– Starbucks reversed from resistance zone

– Likely to fall to support level 92.50

Starbucks recently reversed down from the resistance zone between the strong resistance level 96.60 (former strong resistance from July and also support from March of 2025).

The resistance level 96.60 was strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the downward impulse from February.

Given the strength of the resistance level 96.60, Starbucks can be expected to fall to the next support level 92.50 (former resistance from August).