Will_Wong

DIS: Broke clear of the Wave 4 Triangle. Retested and Passed.

Long
NYSE:DIS   WALT DISNEY COMPANY (THE)
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8
Printed Cup n Handle. Targets $128 to $130. Today Disney also announced that they have signed up 1 Million ESPN subscriptions which is a huge plus. DIS losing SKY bid is also seen as having dodged a bullet as DIS rose 3% while the SKY auction winner CMSTdropped.
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rolling profits into FOX starting from $128+, which offers protection from first leg of 20% downside due to DIS shares distributed as part of the acquisition deal.
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Question for thought

Should we consider that your labeled wave 3 is actually wave 5. If this was the case then the current trend could represent b? or a new impulse?
Thanks!
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Will_Wong stangman89
@stangman89, No. if I do that wave 4 would encroached into wave 1 which violates EW rules.
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stangman89 Will_Wong
@Will Wong, I see this now. Thanks
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Tks
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