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The Walt Disney Co., Elliot Wave Analysis
12/19/2022 10:13 AMA fall 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 (C) of B develops. Now, the fifth wave of the lower level 5 of (C) is developing, within which the wave iii of 5 is forming. If the assumption is correct, the price of the asset will fall to the area of 78.27–60.00. In this scenario, critical stop loss level is 100.87.
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