DIS Elliott Wave Analysis Trading Lounge Daily Chart,
The Walt Disney Co., (DIS) Daily Chart
DIS Elliott Wave technical analysis
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave {iii} of 1.
Direction: Upside in wave 1.
Details: The longer term counts presents some challenges as it is yet unclear whether or not the longer correction is completed or not. If we are to start trading above 100$ we could gain additional confluence in the upside resumption.
The Walt Disney Co., (DIS) 1H Chart.
DIS Elliott Wave technical analysis
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave (iii) of {iii}.
Direction: Top in wave (iii).
Details: Looking for upside in wave (iii) as we can see a nice five wave subdivision. Looking for a potential top as we approach equality of (iii) vs. (i) at 101$, knowing 1.618 at 105$ could also be reached.
In this Elliott Wave analysis, we will review the trend structure of The Walt Disney Co., (DIS) using both the daily and 1-hour charts to assess the current wave position and potential price movements.
DIS Elliott Wave technical analysis – Daily chart
The daily chart suggests that Walt Disney Co. is in the third wave ({iii}) of a larger wave 1 to the upside. However, there is still uncertainty regarding whether the broader correction has fully concluded. Trading above the $100 level would provide further confirmation of a potential longer-term uptrend. A break above this level would add confluence to the idea that a new bullish trend has begun, solidifying the wave count.
DIS Elliott Wave technical analysis – One-hour chart
The 1-hour chart is currently tracking wave (iii) of {iii}, with the potential for further upside. A nice five-wave subdivision can be observed in this wave, suggesting that the impulsive nature is intact. A possible top is anticipated as the price approaches equality between wave (iii) and wave (i) at $101. Additionally, the 1.618 Fibonacci extension for this wave stands at $105, which could also be a significant level to watch as the market potentially reaches the final stages of this wave.
Technical analyst: Alessio Barretta.
DIS Elliott Wave technical analysis [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks
EUR/USD holds steady above 1.0550 on modest USD weakness
EUR/USD struggles to gather recovery momentum but clings to modest daily gains above 1.0550 in the second half of the day on Monday. Although the US Dollar corrects lower following the previous week's rally, the cautious market mood makes it hard for the pair to push higher.
GBP/USD stabilizes above 1.2600 following previous week's drop
GBP/USD defends minor bids above 1.2600 in the American session on Monday, while the negative shift seen in risk sentiment caps the pair's upside. The Bank of England Monetary Policy Hearings and UK inflation data this week could influence Pound Sterling's valuation.
Gold benefits from escalating geopolitical tensions, rises above $2,600
After suffering large losses in the previous week, Gold gathers recovery momentum and trades in positive territory above $2,600 on Monday. In the absence of high-tier data releases, escalating geopolitical tensions help XAU/USD hold its ground.
Bonk holds near record-high as traders cheer hefty token burn
Bonk (BONK) price extends its gains on Monday after surging more than 100% last week and reaching a new all-time high on Sunday. This rally was fueled by the announcement on Friday that BONK would burn 1 trillion tokens by Christmas.
The week ahead: Powell stumps the US stock rally as Bitcoin surges, as we wait Nvidia earnings, UK CPI
The mood music is shifting for the Trump trade. Stocks fell sharply at the end of last week, led by big tech. The S&P 500 was down by more than 2% last week, its weakest performance in 2 months, while the Nasdaq was lower by 3%. The market has now given back half of the post-Trump election win gains.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.