Disney Wave Analysis – 10 April, 2020

• Disney approached resistance level 105,00
• Likely to fall to 92.40

Disney recently closed near the resistance level 105,00 (which stopped the previous wave A) standing close to the upper daily Bollinger Band.

The resistance area near the resistance level 105,00 is strengthened by the 38.2% Fibonacci retracement of the previous impulse wave C from February.

Disney is likely to fall toward the next support level 92.40 (low of the pervious wave B). If the price breaks above the resistance level 105,00 – Disney can then rise to the next resistance level 110,00,