disney elliot wave
If you look at the chart it looks like an ascending triangle/double bottom type pattern forming
if we can get above 154.23 looks like we double bottom into gap up to 170
im buying 170 calls expiring jan 21
on the weekly chart it looks like the correction abc wave is done and we are starting wave 1
on the daily we finished abc wave, we did waves 1 and 2, now looking to go for wave 3 which will take up to fill the gap
people forget that disney is a blue chip company and that it has been down 30 percent since march, i don't think we will go lower... I think this is a good time to start buying calls esp if we can break 154.23ish
spiderman no way home also came out and is amazing, once it gets on disney plus it will make the stock go higher
the overall market is very bullish too currently
if we can get above 154.23 looks like we double bottom into gap up to 170
im buying 170 calls expiring jan 21
on the weekly chart it looks like the correction abc wave is done and we are starting wave 1
on the daily we finished abc wave, we did waves 1 and 2, now looking to go for wave 3 which will take up to fill the gap
people forget that disney is a blue chip company and that it has been down 30 percent since march, i don't think we will go lower... I think this is a good time to start buying calls esp if we can break 154.23ish
spiderman no way home also came out and is amazing, once it gets on disney plus it will make the stock go higher
the overall market is very bullish too currently
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