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 develops as the second wave 2 of (1) of C, within which the wave a of 2 forms. 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.

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