Starbucks $SBUX has been essentially consolidating since late 2015 when price held below $64 a share. It did briefly crack this high in 2017 with price peaking at $65, but we can still consider the failure to extend a double top. Looking at the weekly chart below, we can see that the double top was completed in June 2018, but the bearish correction has so far been brief. SBUX Weekly Chart(click to enlarge)Prevailing Bullish Trend:- Before the double top, SBUX was in a bullish trend since at least 2009 when price tagged $4.00 a share. (It was at $20 before the financial crisis dragged everything down). - There is a rising trendline going back to 2009 that supported SBUX in June this year. We can say that the long-term bullish trend is still in tact. - Furthermore, the current swing from a low around $48 is threatening a falling resistance and essentially challenging the double top we discussed before.- I think price will have to break above $60 to trigger a bullish continuation outlook. Otherwise, if price holds under $60 and the weekly RSI holds under 60, the market would have preserved the prevailing bearish momentum in 2018. - A break above $60 on the other hand would suggest a bullish continuation outlook, with upside to at least $65 with a strong prospect of pushing higher after the 3-year consolidation.- So far price has retreated after first contact with the resistance under $60. But if price can hold above $55.60, there would still be upwards pressure. - A break below $55 on the other hand would suggest that the bearish correction and consolidation period is not over.