Disney was down trending on the 4H timeframe from Nov. 1st to Nov. 9th 22. After a pullback to the .618 fib level, price from the stock began to consolidate and price condensed. Dec 6th price broke out of the consolidation and retested on Dec 13th.
The Price Action of Disney stock is currently creating a Bearish Pennant. If price can break $92 and reject successfully, a short could be profitable.
The Price Action of Disney stock is currently creating a Bearish Pennant. If price can break $92 and reject successfully, a short could be profitable.
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