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TECH Buy 07.06.2021 07:44

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. 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 166.66.