Note

The Walt Disney Co.: wave analysis

· Views 21



The Walt Disney Co.: wave analysis
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point96.02
Take Profit110.15, 123.60
Stop Loss91.00
Key Levels66.00, 79.35, 91.00, 110.15, 123.60
Alternative scenario
RecommendationSELL STOP
Entry Point90.95
Take Profit79.35, 66.00
Stop Loss94.80
Key Levels66.00, 79.35, 91.00, 110.15, 123.60

Growth is possible.

On the daily chart, the upward wave of the higher level C forms, within which the entry first wave 1 of (1) of C formed, a correction ended as the second wave 2 of (1) of C, and the third the wave 3 of (1) of C has started. Now, the first wave of the lower level i of 3 is developing, within which the wave (iii) of i is forming. If the assumption is correct, the asset will grow to the area of 110.15–123.60. In this scenario, critical stop loss level is 91.00.

The Walt Disney Co.: wave analysis

The Walt Disney Co.: wave analysis

Main scenario

Long positions will become relevant above the level of 91.00 with the targets at 110.15–123.60. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 91.00 will let the price go down to the area of 79.35–66.00.


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

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.