The Walt Disney Co. (DIS) Daily Chart
DIS Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave (5) of C
DIRECTION: Top in Wave (5)

DETAILS:
The uptrend that began from the April 7th low appears to be nearing completion. The equality of Primary Wave C with Wave A targets the $128 level.

On the daily timeframe, The Walt Disney Co. (DIS) is in the late stages of a corrective rally, forming wave (5) of C. The move has developed in a motive structure, rising from April 7th lows. With wave C nearing equivalence to wave A at $128, this price zone is critical for identifying a potential market top. If wave (5) completes around this area, it may mark the end of the corrective cycle and signal a directional shift.

The Walt Disney Co. (DIS) 1H Chart
DIS Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave 4 of (5)
DIRECTION: Upside in Wave 5

DETAILS:
Wave 4 of (5) is underway, with expectations of one more leg up into wave 5 of (5).
A bullish alternative also suggests this structure could be part of wave 1 and 2 of a new impulsive trend.

The 1-hour chart for DIS supports a continuation of the uptrend, with wave 4 of (5) nearly complete. A final leg into wave 5 of (5) is anticipated. This would finish the larger corrective wave C. However, an alternative count hints at the formation of waves 1 and 2 within a new primary impulsive trend. If the bullish count plays out, prices may push significantly above current levels, challenging key resistance zones.

Traders should monitor closely near the $128 resistance level for potential reversal signals or confirmation of continued bullish strength.

Technical Analyst: Alessio Barretta

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