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The Walt Disney Co., Elliot Wave Analysis

2/27/2023 10:18 AM

The price is in a correction and may grow.

On the daily chart, the wave of the higher level А formed, a downward correction ended as the wave B, and the formation of the upward wave C developed. Now, the entry first wave of the lower level 1 of (1) of C has developed, and the development of the local correction as the second wave 2 of (1) is ending. 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 96.80.

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