TECH Buy 01.07.2024 08:26
The Walt Disney Co.: wave analysis
Growth is possible.
On the daily chart, a downward correction of the higher level ended as the wave B, and the wave C forms, within which the entry first wave 1 of (1) of C developed. Now, a downward correction is ending as the second wave 2 of (1) of C, within which the wave c of 2 is ending. If the assumption is correct, after the correction, the asset will grow within the wave 3 of (1) to the area of 123.60–135.00. In this scenario, critical stop loss level is 96.35.
Indicators
Overall recommendation Sell
Overall recommendation Buy
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Wait