THE WALT DISNEY CO.: WAVE ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 86.37 |
| Take Profit | 123.60, 135.00 |
| Stop Loss | 79.50 |
| Key Levels | 50.50, 66.00, 79.50, 123.60, 135.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 79.45 |
| Take Profit | 66.00, 50.50 |
| Stop Loss | 83.95 |
| Key Levels | 50.50, 66.00, 79.50, 123.60, 135.00 |
Growth is possible.
On the daily chart, a downward correction of the higher level ended as the wave B, and the wave C forms, within which the entry first wave 1 of (1) of C ended. Now, a correction has formed as the second wave 2 of (1) of C, within which the wave c of 2 has developed. If the assumption is correct, the asset will grow within the wave 3 of (1) to the area of 123.60–135.00. In this scenario, critical stop loss level is 79.50.
Main scenario
Long positions will become relevant above the level of 79.50 with the targets at 123.60–135.00. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 79.50 will let the price go down to the area of 66.00–50.50.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.