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The Walt Disney Co., Elliot Wave Analysis

1/30/2023 10:03 AM

Growth is possible.

On the daily chart, the wave of the higher level А formed, a downward correction ended as the wave B, and the development of the upward wave C started. Now, the entry wave of the lower level 1 of C is forming, within which the wave iii of 1 is developing. If the assumption is correct, the asset will grow to the area of 126.37–146.05. In this scenario, critical stop loss level is 97.77.

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