It's been a while since we last checked on Disney. We hit our target for Wave A, getting close to $126. Now, we are working on Wave B, which we think will finish between $96 and $89. This range matches the 61.8% to 78.6% Fibonacci retracement levels, suggesting a Zig-Zag correction.
Current Situation:
Regarding the future outlook, we are looking at $156 to $176 for the next upward move, matching the 61.8% to 78.6% Fibonacci retracement levels for the larger Wave B.
Strategy:
Our plan is to be patient. We are not trading or taking any positions right now. The correction might extend and could bring the price below $77 if Wave (A) isn’t fully done. It’s important to wait for clear signs of stability and the end of the correction before making any moves.
Conclusion:
Patience is very important for Disney right now. We are watching the $96 to $89 range to see if Wave B completes. If this correction phase ends well, we might see a move towards $156 to $176. However, we need to stay cautious and wait for a clear signal before taking any action.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.