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ProficientForex
Dec 3, 2020 6:32 PM

Walt Disney - Ending Diagonal Pattern Short

Walt Disney Company (The)NYSE

Description

In the 240-minute chart, we have 5 descending waves, which have ended in the range of 79.09, in continuation, the correction of this downtrend is in the form of Double Zigzag, which has reached the range of $ 153.91. The Diagonal pattern has been formed in this range, of which the targets can be 128.60 and then $ 117.25.
In case the visualization of this analysis become true, the main pattern will be Expanded Flat and we can consider the expansion of the bearish trend up to the range of $ 79.09.
Comments
AryaxS
Very good analysis, thanks
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