NYSE:DIS   WALT DISNEY COMPANY (THE)
Perfect retrace to hourly orderblock, looks like a regular double top - however, triangle forming and trendline still holding, will wait for triangle breakout and retest for long - wait for breakdown and retest for shorts.

Explain the looking for triangle breakout? Not sure what that means.
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elaluu NewTrader2019
@NewTrader2019, hello! It means that if you are waiting for a safe play, the best thing to do is the play a break of the 149 resistance (solid close above that level on the higher timeframes) maybe to 151ish, and then wait for price reach 149 again (retrace). It should act as support level by then. If not, then it's a fake out.
You could have entered a long yesterday tho, but it my experience is safer to play retests.
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Tim-Meh NewTrader2019
@NewTrader2019, Check out this chart now, on November 25th it retested the breakout like @elaluu was saying! It happened later than he thought it would but it still happened!
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