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DIS Elliott Wave Analysis Trading Lounge Daily ChartThe Walt Disney Company, (DIS) Daily ChartDIS Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive POSITION: Wave (1).DIRECTION: Upside in wave 5 of (1).DETAILS: After a major bear market that lasted 3 years we have seen support on top of TL1 at 100$. As we are continuing higher we could be facing support at the end of MG1 at 130$.
DIS Elliott Wave Analysis Trading Lounge 4H ChartThe Walt Disney Company, (DIS) 4H ChartDIS Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive POSITION: Wave {iii} of 5. DIRECTION: Upside in wave {iii}.DETAILS: Here we are displaying a bit of a different count with a smaller wave 4 and a clear {i}-{ii} within wave 5.
Technical Analyst: Alessio BarrettaWelcome to our DIS Elliott Wave Analysis Trading Lounge, where we dive into The Walt Disney Company (DIS) using Elliott Wave Technical Analysis. Let’s uncover the market dynamics on the Daily Chart.*DIS Elliott Wave Technical Analysis – Daily Chart*Our analysis indicates a trending function characterized by impulsive mode and motive structure, positioned in Wave (1). The direction signals an upside momentum in wave 5 of (1). Following a significant bear market spanning three years, we’ve observed support atop TL1 at $100. As we continue to ascend, potential support may emerge around the conclusion of MG1 at $130.* DIS Elliott Wave Technical Analysis – 4Hr Chart*Here, we also identify a trending function marked by impulsive mode and motive structure, positioned in Wave {iii} of 5. The direction indicates an upside trajectory in wave {iii}. Our count reveals a nuanced perspective, depicting a smaller wave 4 and a clear {i}-{ii} delineation within wave 5.More By This Author:Elliott Wave Technical Analysis: WTI Crude Oil – Wednesday, March 27
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