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Will_Wong
Sep 25, 2018 12:18 AM

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

Walt Disney Company (The)NYSE

Description

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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Comments
LeoFibonacci
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.
stangman89
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!
Will_Wong
@stangman89, No. if I do that wave 4 would encroached into wave 1 which violates EW rules.
stangman89
@Will Wong, I see this now. Thanks
kevcav
Tks
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