The Long Investor
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$DIS TOP 20
🕑 Added 2025-02-23 19:09:41 +0000 UTC$DIS continues to work its way through our Wave C projection and we also have a test and resistance here at the 50 Day MA, a lower low next then confirms the rejection and I expect a move down to test the 0.38 Fib at $106, typically a pull back in 3 waves drops lower than the Wave A support, so we would expect the 0.5 Fib to be tested then at $102, where the 200 Day MA is closely too.
Holding around this confluence level would attract buyers back here before it's next leg up to the blue line at $123.
