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The Walt Disney Co., Elliot Wave Analysis

3/13/2023 10:16 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 the wave C started. Now, the entry first wave of the lower level 1 of (1) of C formed, and a local correction is ending to develop as the second wave 2 of (1). 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 83.35.

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