DIS has been one of my favorite setups for awhile, but continues to be rejected in the 180's. Based on the symmetric triangle this thing could take until November, but I think it will break out sooner then that.
Wave theory has a intermediate wave 1 PT of somewhere in the 190's at a minimum (if minor wave 3 goes on a 261.8 extension it will be 200's).
there is a chance we see a drop / consolidation down to around the POC before catching support and hopefully making our move higher. On the weekly time frame we continue to be rejected at the 30 MA, when that breaks I expect a retest and then launch. This one should provide us some fireworks soon, definitely worth having on your watchlist or taking a long position on a dip WITH TIME! (if options)
Stop loss for me would be uptrend break to the downside
Wave theory has a intermediate wave 1 PT of somewhere in the 190's at a minimum (if minor wave 3 goes on a 261.8 extension it will be 200's).
there is a chance we see a drop / consolidation down to around the POC before catching support and hopefully making our move higher. On the weekly time frame we continue to be rejected at the 30 MA, when that breaks I expect a retest and then launch. This one should provide us some fireworks soon, definitely worth having on your watchlist or taking a long position on a dip WITH TIME! (if options)
Stop loss for me would be uptrend break to the downside