Analysis is based on simplified Smart Money Trading Concepts.
Starbucks analysis was performed on both the Weekly Time Frame and then dialed down to the Daily.
The Weekly TF has had a change of swing structure from bearish to bullish (noted by the line with "W-x"). Then we had a pull back into the current discount zone and on the daily time frame changed from Bearish order flow to Bullish order flow.
Demand is stepping into the picture and we should see Starbucks price hit $107.66 hit within the next 40-60 days.
Trade Idea Point of Invalidation: Any break AND below above $89.09