THE WALT DISNEY CO.: WAVE ANALYSIS

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THE WALT DISNEY CO.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point93.91
Take Profit123.60, 135.00
Stop Loss84.60
Key Levels50.50, 66.00, 84.60, 123.60, 135.00
Alternative scenario
RecommendationSELL STOP
Entry Point84.55
Take Profit66.00., 50.50
Stop Loss90.75
Key Levels50.50, 66.00, 84.60, 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 formed, and a correction developed the second wave 2 of (1) of C. Now, the development of the third wave 3 of (1) has started, within which the first wave of the lower level i of 3 is forming. If the assumption is correct, the asset will grow to the area of 123.60–135.00. In this scenario, critical stop loss level is 86.40.

THE WALT DISNEY CO.: WAVE ANALYSIS

THE WALT DISNEY CO.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 84.60 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 84.60 will let the price go down to the area of 66.00–50.50.


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