Disney appears to have stabilized after its recent sell-off, holding above the $106.26 support level. From here, the price should push beyond the $123.74 resistance during the turquoise wave 3. However, if it drops below $106.26 (41% probable), it will trigger our alternative scenario, signaling a move into our blue Target Zone between $97.27 and $91.46. After the wave alt.(ii) low in that range, the stock would quickly resume its upward trajectory.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.