- 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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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
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.