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The Hurst channel extrapolation shown for SBUX may well be overly
optimistic, but the channel is flattening. The 'projected' high probability
buy opportunity is based on the observation of visual patterns and an
extrapolation of past post turn price behavior - a 'possibility', not a
certainty. Future price action will determine if this becomes a viable high
probability opportunity.
The purpose here is to partially demonstrate a low risk, high probability
way to set up trades for gentle souls who seek the safest possible trades in
order to protect capital and achieve modest, reliable appreciation. This one
is not for rodeo cowboys.
Because markets are fractal, the approach also applies to other time frames.
Stan
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