On the Daily timeframe, 
DIS is forming a reversal cup and handle pattern.
The price is moving below both EMA 50 and EMA 100, confirming short-term bearish momentum. The recent decline matches the depth of the previous cup’s widest part, indicating potential continuation toward the next strong support near $106.
If this support level breaks, the price could move down to test the psychological zone around $100, and possibly fill the gap below it.
DIS is forming a reversal cup and handle pattern.The price is moving below both EMA 50 and EMA 100, confirming short-term bearish momentum. The recent decline matches the depth of the previous cup’s widest part, indicating potential continuation toward the next strong support near $106.
If this support level breaks, the price could move down to test the psychological zone around $100, and possibly fill the gap below it.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.