- Disney reversed from the round resistance level 100.
- Likely to fall to support level 95.00
Disney recently reversed from the round resistance level 100.00 (former support from April and June) intersecting with the 20-day moving average and the 50% Fibonacci correction of the downward impulse from June.
The downward reversal from the resistance level 100.00 stopped the previous minor ABC correction 2, that belongs to the impulse wave (3) from June.
Given the strong daily downtrend, Disney can be expected to fall further to the next support level 95.00 (which stopped previous impulse wave 1).
- Likely to fall to support level 95.00
Disney recently reversed from the round resistance level 100.00 (former support from April and June) intersecting with the 20-day moving average and the 50% Fibonacci correction of the downward impulse from June.
The downward reversal from the resistance level 100.00 stopped the previous minor ABC correction 2, that belongs to the impulse wave (3) from June.
Given the strong daily downtrend, Disney can be expected to fall further to the next support level 95.00 (which stopped previous impulse wave 1).
By the FxPro Analyst Team
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Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。