Trade Idea/Set-Up: SBUX... Let it come to you

This is a short sale trade idea for SBUX, apparently the chart last night caught a few people's attention as well as recent action on the daily chart which caught my attention.

My favorite trades are the ones that we plan ahead of time and they come to us offering us the best entry, the lowest risk, the best timing and the satisfaction and security of knowing that the asset has done exactly what we expected.

I think SBUX falls in to the category, the only thing I'm not sure about because of overall market tone is whether SBUX will be a full-blown Channel Buster or a modified/abbreviated version.

 First off, this would not be the first Channel Buster for SBUX, there was one in 2012. Not all Channel Busters lead to a reversal of trend, but just about all of them lead to a sharp reversal to the other side of the channel and they are almost always worth trading.

Secondly, note the ROC (Rate of Change) in price from 2009-2012, then we have an event and after that event, 2013's accelerated rate of ascent is very reminiscent of End of Stage 2 volatility which usually runs right in to stage 3 "Top/Distribution".

 So even without a full blown reversal, this Channel Buster was worth -30%  and marked clearly where to get in and out.

 Here's our current Channel Buster.

This is where I'm unsure of how it proceeds, about 2/3rds of a stocks movement is determined by the market, some run on their own, but few.

Technical traders expect a "Kiss of the Channel Goodbye", that's when there may be a little more downside and the asset rallies back up to the lower channel trendline and stops there as it acts as resistance, many technical traders consider that to be an excellent shorting opportunity and Wall St. knows it, that's why in almost all cases that "Kiss" is a lot bigger than their stops have planned for as they place them just inside the channel. The market will run price up through the stops and often through the top of the channel, shaking out all new shorts, but the stock broke down for a reason and ultimately I'd expect that reason to continue so SBUX should have price alerts set around the lower channel line, inside and on top of, those are the entry areas we want to look at for a very low risk entry.

As for 3C, BEAUTIFUL... I'll just label the charts timeframes, you can see the rest...

 1-day

4 hour

 30 min

15 min

10 min- at this point, the confirmation is overwhelming, tons of distribution.

Recent 3 min, we need to watch for a reversal process to the upside and have those alerts set so we don't miss this one as it looks very good.

My X-Over system went long and now it's 2 of 3 on a sell or short signal and the middle window will be the 3rd very soon.

Also my Trend Channel is broken, as I've said many times, often there's volatility and choppiness after the trend breaks, but it's rarely worth staying long fighting for scraps among heightened volatility and  and unpredictable chop, once the TC is broken, it's just a matter of time before a reversal so this is good to see as well.

I'm sure you get the basic concept of what we are looking for, just don't forget the position, set those alerts.