Shares of The Walt Disney Co., one of the leaders of the entertainment industry, are adjusting at 113.00.

The price is in a correction and a fall is possible.

On the daily chart, a downward correction of the higher level ended as the wave B, and the wave C started, within which the entry first wave 1 of (1) of C formed. Now, a local correction is developing as the second wave 2 of (1) of C. If the assumption is correct, the price of the asset will fall to the area of 106.72–101.38. In this scenario, critical stop loss level is 123.80.