THE WALT DISNEY CO.: WAVE ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 93.63 |
| Take Profit | 103.70, 117.50 |
| Stop Loss | 89.60 |
| Key Levels | 70.00, 78.86, 89.60, 103.70, 117.50 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 89.55 |
| Take Profit | 78.86, 70.00 |
| Stop Loss | 93.10 |
| Key Levels | 70.00, 78.86, 89.60, 103.70, 117.50 |
Growth is possible.
On the daily chart, a downward correction of the higher level ended as the wave B, and the development of the wave C started, within which the entry first wave 1 of (1) of C forms. Now, the third wave of the lower level iii of 1 has formed, and a local correction has ended as the fourth wave iv of 1. If the assumption is correct, the asset will grow within the wave v of 1 to the area of 103.70–117.50. In this scenario, critical stop loss level is 89.60.
Main scenario
Long positions will become relevant above the level of 89.60 with the targets at 103.70–117.50. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 89.60 will let the price fall to the area of 78.86–70.00.
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