Image Source: Unsplash

Walt Disney Company (DIS) has been very weak in the last two years, but it can be now finishing 5th wave of an impulse on a daily chart after reaching strong support, so be aware of a bigger (A)-(B)-(C) recovery in the first half of 2024. 

Looking at the 4-hour chart, it looks to be already unfolding five waves up into wave (A), where subwave 5 can be still missing with room up to 100 area before we will see a higher degree wave (B) corrective slow down. 

More By This Author:

DeFi Is Rising Within A Bullish Impulse
Corn Is Trading At Support While Finishing Correction
Nasdaq 100 May Face A Higher Degree Correction Soon