DIS Elliott Wave analysis
The Walt Disney Company, (DIS) Daily Chart.
DIS Elliott Wave Technical Analysis.
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Minute wave {ii} of 3.
Direction: Upside in wave {iii} of 3.
Details: After a major bear market we seem to be finding some sort of upside in DIS. WE are aware we could be witnessing just a three wave move wave to the upside in a corrective nature, however, for the time being as are trading above TL1 100$ we could expect continuation higher.
DIS Elliott Wave technical analysis – Daily chart
In terms of wave dynamics, we observe a dominant impulse function with a motive structure. The current position is in Minute wave {ii} of 3, indicating potential upside momentum in wave {iii} of 3. Despite a major bear market, we detect signs of upside potential in DIS. While we acknowledge the possibility of a corrective three-wave move to the upside, trading above TL1 at $100 suggests a potential continuation higher.
DIS Elliott Wave analysis
The Walt Disney Company, (DIS) 4Hr Chart.
DIS Elliott Wave Technical Analysis.
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave (c) of {ii}.
Direction: Upside into wave {iii}.
Details: We are seeing a clear three wave move into wave {ii}, with increased volume for the last 4H session suggesting buyers started to enter the market. Looking to find support on top of 110$ which is also where equality of potential 3 vs 1 stands.
Welcome to our DIS Elliott Wave Analysis Trading Lounge, your premier source for comprehensive insights into The Walt Disney Company (DIS) using Elliott Wave Technical Analysis. As of the Daily Chart on 26th February 2024, we explore significant trends shaping the market.
DIS Elliott Wave technical analysis – Four hour chart
Here, the wave function maintains its impulsive mode with a motive structure. The present position is in Wave (c) of {ii}, signaling potential upside movement into wave {iii}. We observe a clear three-wave move into wave {ii}, accompanied by increased volume in the last 4H session, indicating buyer interest. We anticipate finding support around $110, where potential equality of wave 3 versus wave 1 stands.
Technical Analyst: Alessio Barretta.
DIS Elliott Wave technical analysis [Video]
Source: https://www.fxstreet.com/news/the-walt-disney-company-dis-stocks-charts-elliott-wave-technical-analysis-video-202402261018