The Walt Disney Company Elliott Wave technical analysis [Video]
|DIS Elliott Wave Analysis Trading Lounge Daily Chart, 15 February 24.
The Walt Disney Company, (DIS) Daily Chart.
DIS Elliott Wave technical analysis
Function: Trend.
Mode: Impulse.
Structure: Motive.
Position: Minute wave {i} of 3.
Direction: Potential correction into wave {ii} of 3.
Details: We are looking for at least a three wave move to the upside in either a motive structure(123) or corrective (ABC). Right now we stand above equality of 3 vs. 1, as well as above Trading Level 100$ and as we keep finding support we could expect further upside.
DIS Elliott Wave Analysis Trading Lounge 4Hr Chart, 15 February 24
The Walt Disney Company, (DIS) 4Hr Chart
DIS Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave (b) of {ii}.
Direction: Downside into wave (c) of {ii}.
Details: We are looking for another leg lower into wave (c) of {ii} as the main count. If that proves to be incorrect, then we could be in some sort of wave (iv) or even higher degree wave {iv} and extend towards 1,618 of wave 3 vs. 1.
Welcome to our DIS Elliott Wave Analysis Trading Lounge, your premier destination for comprehensive insights into The Walt Disney Company (DIS) using Elliott Wave Technical Analysis. As of the Daily Chart on 15th February 2024, we uncover significant trends guiding the market.
DIS Elliott Wave Technical Analysis – Daily Chart*
In terms of wave dynamics, we discern a dominant impulse function with a motive structure. The current position is in Minute wave {i} of 3, indicating a potential correction into wave {ii} of 3. Our focus is on anticipating at least a three-wave move to the upside, manifesting either in a motive structure (123) or a corrective one (ABC). Notably, we stand above the equality of wave 3 versus wave 1, as well as above the TradingLevel of $100, suggesting ongoing support and potential for further upside movement.
DIS Elliott Wave Technical Analysis – 4Hr Chart*
Here, the wave function shifts to a countertrend approach with a corrective mode, reflecting a flat structure. The present position is in Wave (b) of {ii}, indicating a downside movement into wave (c) of {ii}. We anticipate another leg lower into wave (c) of {ii} as the main count. However, if this count proves incorrect, we consider the possibility of being in a wave (iv) or even a higher degree wave {iv}, potentially extending towards 1.618 of wave 3 versus wave 1.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.