$DIS-Walt Disney could dive further after breaking $111 -Update

DIS -Walt Disney could dive further after breaking $111 -Update

It looks like the DIS broke out of a major support zone located near $111.
During the previous days DIS was showing some strength but couldn't manage to rise more
and today we can see the price below the structure zone again.

On the 4-hour chart, we can expect a deeper correction as a swing trade.
If we also consider the daily time frame a major resistance zone was already tested.

This zone dates back to August 2022 thus adding more value to this analysis.

The first support zone will be found near 107.40, where the GAP also begins.
It may be possible for Disney to fill the GAP created earlier in early February 2024 as well.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

Trade stängt: målet nått: