Mr_Meowster

Disney Fall From Triangle

Kort
NYSE:DIS   Walt Disney Company (The)
Disney falling below symmetrical triangle and could be looking to do a break down. Disney also fell below the cloud so it is likely to be bearish for a while. The cloud will be a major area of resistance and disney has a gap at 85-90 that it could possibly go back and fill with the upcoming earnings that are rumored to be bad. In addition, Disney was unable to break the 1 fib line which would cause a double top if disney did somehow go up.
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