Clear bullish potential for The Walt Disney Company
Today we will explain the reasons we see a clear path for DIS towards the All-time highs zone.
a) We can see an ascending trendline that has been respected
b) Currently, we see a corrective structure (sideways movement composed by an ABC)
c) Remember that corrective structures are a continuation pattern when being preceded by an impulse
d) If we have a breakout of the corrective structure (yellow line) we expect a continuation movement towards the all-time highs zone
e) Also we know that any forecast can go wrong and we have an invalidation level (red line). If the price reaches that zone we will assume that we were wrong and we will cancel any pending setup
f) Remember: Protect your capital, and trade safe!
a) We can see an ascending trendline that has been respected
b) Currently, we see a corrective structure (sideways movement composed by an ABC)
c) Remember that corrective structures are a continuation pattern when being preceded by an impulse
d) If we have a breakout of the corrective structure (yellow line) we expect a continuation movement towards the all-time highs zone
e) Also we know that any forecast can go wrong and we have an invalidation level (red line). If the price reaches that zone we will assume that we were wrong and we will cancel any pending setup
f) Remember: Protect your capital, and trade safe!