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The Walt Disney Co., Elliot Wave Analysis

10/24/2022 10:38 AM

Growth is possible.

On the daily chart, the wave А of the higher level ended, and a downward correction forms as the wave B, within which the wave (А) of B ended, and the development of the correctional upward wave of the lower level (B) of B started. Now, the wave A of (B) has formed, a local correction has developed as the wave B of (B), and the development of the wave C of (B) has started. If the assumption is correct, the asset will grow to the area of 133.00–146.05. In this scenario, critical stop loss level is 90.65.

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