Disney Wave Analysis 8 February, 2021
February 08, 2021 @ 18:41 +03:00
• Disney broke resistance level 182.75
• Likely to rise to resistance level 200.00
Disney opened today with the upward gap which broke above the strong resistance level 182.75 (which stopped the previous sharp upward impulse wave 3 in December).
The breakout of the resistance level 182.75 should accelerate both of the active nested impulse waves 5 and (3).
Disney is expected to rise further toward the next round resistance level 200.00 (target price for the completion of the active impulse waves 5 and (3)).