DIS Elliott Wave technical analysis [Video]

DIS Elliott Wave technical overview

Function: Trend.

Mode: Impulsive.

Structure: Motive.

Position: Wave (3) of C.

Direction: Uptrend in wave (3).

Details: The chart indicates further upside potential in wave 5. The price action appears to be moving higher towards the peak of Minor Group 1, suggesting continued bullish momentum.

DIS Elliott Wave technical overview

Function: Trend.

Mode: Impulsive.

Structure: Motive.

Position: Wave {v} of 5.

Direction: Uptrend in wave {v}.

Details: A more cautious projection is being considered, indicating DIS could be nearing the final phase of wave {v} of 5. This may lead to a short-term high and a minor corrective pullback. However, the overall trend remains upward.

This analysis includes both the daily and 1-hour charts of Disney (DIS) to evaluate the current wave structure and price movement potential.

On the daily chart, Disney is advancing within a motive structure and currently in wave (3) of C. The impulse behavior supports continued upward momentum, likely extending into wave 5 towards the top of MinorGroup1.

On the 1-hour chart, a more conservative wave count is suggested, implying the final stages of wave {v} of 5. This could signal an approaching top and a brief correction. Nonetheless, the primary trend remains positive.

DIS Elliott Wave technical overview [Video]

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