Disney Wave Analysis – 27 August, 2020

• Disney broke resistance level 131.60

• Likely to rise to 145.00

Disney recently broke with the upward gap above the resistance level 131.60 (which stopped the previous minor impulse wave (i) at the start of August).

The breakout of the resistance level 131.60 should accelerate the active multi-impulse upward sequence consisting of the impulse waves (iii), 3 and (C).

Disney is expected to rise further toward the next resistance level 145.00 – likely price for the termination of the active impulse wave (C)).