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TECH Buy 02.08.2021 07:46

Walt Disney Co.: wave analysis

The price may grow.

On the daily chart, a downward correction of the higher level developed as the fourth wave (4), and the fifth wave (5) develops. Now, the third wave of the lower level 3 of (5) has formed, a downward correction has ended as the wave 4 of (5), and the development of the wave 5 of (5) has started, within which the wave iii of 5 is forming. If the assumption is correct, the price will grow to the levels of 202.98–220.00. In this scenario, critical stop loss level is 169.80.

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