WDP trade ideas
DIS AnalysisPrice did not play out as analyzed last week. I was expecting price to continue higher into the fair value gap at 97.58, but price is currently making a bearish retracement back into the bullish POI at 89.56. From here, we would want to see a confirmation on the lower timeframe for price to continue higher.
Walt Disney Call Option TradeGood morning to everyone.Im here to learn by receiving and sharing whats posted and sharing what i see in the market. This is a trade im currently watching on Disney. im waiting for a brake around 90.60. My levels and interest to purchase are at 1st 87.48 - 87.00 2nd 84.36 - 84.07 These two levels i see as nice bounces for a Call Option and my last level of intrest is 81.19 - 79.08 this level i would be intrested in purchasing shares and Call Option with a nice experation date. Each trade will need the confirmation of support follwed by a power candle before entry. I also charted down from the Daily to the 15 Minute time frame. please share perspectives.
$DIS - Whats next?NYSE:DIS - Friday CFO departure news came at a time when the stock was trying to break out of the resistance neckline. But IHS still intact. Its still above long term support. Current area is volume profile's point of control area (peak) so its having a hard time moving away from here. Breaking above $95 would be 🚀. Next week is important. 👀💥🚀
Targets - $96.86, $100, $106. Downside risk $89-$85.
DIS - Let's Ride - 2.0DIS has responded as suggested since the last post that identified the gap and go along with the bottoming candle formations made to date. Now it appears DIS will take a small breather, and potentially fill in the gap before heading much higher. 93.54 is the upside target before retracing, but there are enough Elliott Wave counts for a motive wave off the lows so this higher high is not needed to remain bullish. Area of interest is highlighted lower. For regular updates try the affiliate link in the bio. GLTA!
DIS - Let's RideDIS 2 day candles closed today with a Bullish Engulfing candle that could also be construed as a tweezer bottom. Of note on the daily is a 3 gap down formation, a concealing baby swallow formation at the lows, along with a bullish harami combo and an inside day. What does this mean? IMO, I believe DIS will soon gap up and go, forming a frypan bottom or an island bottom. Initial target is the geometrical measured move of the first sequence higher, noted with the green line (120/125). If that target is achieved and broken through with strength, DIS could be in a new wave off the lows. One step at a time, but so far DIS is stepping higher. RSI has also reset on the 2 day tf giving more room to the upside... GLTA!
i.wish DIS cross below $85 in June"To get a like-for-like comparison as far as features are concerned, Disney Plus is more affordable at $13.99 a month compared to Netflix's Premium plan at $22.99 a month. Disney Plus also offers an annual plan for $139.99, which helps you save even more."
"What's better Disneyland or Universal Studios Florida? Walt Disney World is much more expansive with many more attractions, restaurants, and hotels to choose from!"
"Since Disney cruises do not have casinos, they make up their revenue by including a wide range of activities within the cruise package. As a result, this raises the cruise cost higher than other cruises."
DIS AnalysisPrice playing out nicely as analyzed last week, mitigating the target of bearish POI at 88.07 for this down move. From here, I'm expecting price to make a bullish retracement if we get a confirmation on the lower timeframe. If not, I'd expect price to continue lower, invalidating this bearish POI.
DIS: Super Cycle correction in progress; pump before the dumpRSI study suggests Disney has completed Supercycle wave 1 back in March of 2021. My evidence to this thesis is the highest RSI reading showing at wave 3 of 3 or 3 of 3 (minor degree). Since then, it took a couple of years to complete wave A of Supercycle 2 or in the worst case, wave a of A (yet to be seen). Now there is a monthly bullish divergence forming in RSI and price seems to be forming a bottoming structure. In the next 6 to 12 months I would expect DIS price to make some progress and move up to $100-120 supply area or might push to $150 before losing steam. Wave A is a 5 wave structure, so chances are, it will be zigzag correction and wave B will not make a higher high than the previous wave 5 high. After that I would expect a long drawn out wave C that may last a few years to complete the Supercycle degree correction. The potential demand zone could be $40-$50 area. Bottom line, DIS most likely won't see it's ATH for many years. But that doesn't mean short/medium term upside any less lucrative.
DIS, 10d+/26.21%rising cycle 26.21% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
Is DISNEY Ahead of the PackLooking at Disneys percentage pullbacks, the most recent downtrend was over 70%, which tells me its most aggressive downward
price action could have already played out. It could get much worse or have a period of sideways action. After looking at shorter
time frames it kind of made me reconsider how much downside was still in store for it. It'll be interesting to see how things play out.
I still think the Debt Ceiling situation could be a catalyst.