Feb. 5 at 3:07 AM
The Walt Disney Company (
$DIS , 15-min, ~107): DIS has staged a clean impulsive bounce off the 102–103 demand (weak low), breaking structure and reclaiming short MAs, which supports a wave-1 recovery with a shallow wave-2 pullback already absorbed;
momentum confirms but price is now pressing into equilibrium ~107–108, directly below a heavy 111–113 supply / strong high, so upside is tactically capped. As long as 105 holds, a continuation push toward 109–110 is possible,
but this is still a counter-trend rally—expect sellers to reload into 111–113; acceptance above 108.5–109 improves odds of a deeper corrective squeeze, while failure back below 105 risks a retrace toward 104 then 102.
