jefftan
Short

WALT DISNEY : POSSIBLE 5.82 REWARDS TO RISK RATIO (RRR)

BATS:DIS   DISNEY WALT CO
128 1 0
The red multi-pivot line has been tested 3 times. This shows strong resistant strength. Note that the MPL             is downsloping as prices fail to establish a higher high or high pivots.

The lower parallel to the MPL             serves as support as it guides price towards a major confluence area with the upsloping ML.

Overall major tend is up so expect some strong reaction to push the price up once it reaches the circle green area. Caveat is that the price has to stay above the ML.

Nevertheless, price is trapped within the MPL             channel.
JavierB
3 years ago
snapshot
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