Hi Traders!
As I analyze Disney, I am seeing it's in a counter trend on the 24HR with a resistance at $120. I'm staying patient watching to see how far price will retrace with a 24HR CHOCH sitting at around $102.50. That seems far away, but that would help fill in some of the gap, and give a nice set up for a reversal. In addition, there are 4 days left in the current Monthly candle, and they've been closing small. IMO that could indicate that price could eventually make it to $130.
For now, I have alerts set and I'm planning to take a long swing.
Let me know what you guys think in the comments! Good luck!
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
As I analyze Disney, I am seeing it's in a counter trend on the 24HR with a resistance at $120. I'm staying patient watching to see how far price will retrace with a 24HR CHOCH sitting at around $102.50. That seems far away, but that would help fill in some of the gap, and give a nice set up for a reversal. In addition, there are 4 days left in the current Monthly candle, and they've been closing small. IMO that could indicate that price could eventually make it to $130.
For now, I have alerts set and I'm planning to take a long swing.
Let me know what you guys think in the comments! Good luck!
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Nota
Took a while to reach, but Disney hit my 24HR CHOCH target at 102.Operación activa
Moving to plan so far. Price is now in a range in between 110.50 and 112.50. Looking for price to continue to fill the weekly wick. 
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.