wave 4 entering the price territory of wave 1 just negated the whole bullish forecast . i think it would be best to short the stock on the next pull back
leading diagonal + five wave pattern cant stand people , who don't explain their analysis . i used to be one of those guys , but now i see where i was wrong here's my analysis , let's discuss
MY price target for Disney would be 155- 160 . but i'd suggest my followers to take their profits at 150 , cause the price action could get a lot choppier from there on
the trade is invalidated if the price for the week closes below 118 . we don't want to see a Bearish engulfing weekly candle
Disney could start picking up from the 1st of april onwards Buy Area : 67.5 Stop loss : 60 TP : 100 or hold the stock for an year or two
Structure: Downtrend - Pullback: Test resistance
horizontal swing high resistance, descending resistance line where it could drop further
Wait for confirmation before sell at support