Will Wong

DIS-Ending Diagonal Update

NYSE:DIS   WALT DISNEY COMPANY (THE)
91 1 0
The Ending Diagonal that took 10 months to form finally ended on August 5 after the market closed when Q3 earnings did not meet expectations. Expect an impulsive wave I down, probably a lot faster than the 10 months it took for the ED to form.
Comment: Double zig zag still possible. X has extended all the way to $120. Sub wave 1 down and 2 (ABC) looks complete and sub wave 3 down in progress. target around $105
Testing the ED breakdown point at $116.44 more than 2 months later than I thought.
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