Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 181652, member: 40858"] Like most stocks around the world. Walt Disney Company (ticker: DIS) took a dip earlier in the year. The decline was expected across the world markets at one point during 2020, but we believe the market has started to turn higher into new all-time highs. The Grand Super cycle is showing three waves advance as the chart below shows: [B]Walt Disney Company Quarterly Elliott Wave Chart[/B] [URL='https://elliottwave-forecast.com/wp-content/uploads/2020/05/DIS-Quater20200528151001.jpg'][IMG alt="Walt Disney Company Quarterly Chart"]https://elliottwave-forecast.com/wp-content/uploads/2020/05/DIS-Quater20200528151001-1024x512.jpg[/IMG][/URL] Looking at the chart, we can see the advance with a lot of extension between (I) Blue and (III) Blue. An Impulse is a structure which comes with three advances in the direction of the main trend. In Walt Disney Case, the advances are to the upside. Impulse should also have two cycles against the main trend. At this moment, we believe a move into all-time highs will happen sooner or later. Wave (IV) Blue might have already ended and a new and final cycle into a multiyear advance already started. This makes the next pullback a very interesting opportunity. In general, we believe the stock market is not ready for acceleration yet. The reason is because instruments like $IBEX 35 and $IBM still show incomplete sequence to the downside. Below is the weekly Elliott Wave chart of IBEX showing the incomplete sequence from 2007 high: [B]IBEX Weekly Elliott Wave Chart[/B] [URL='https://elliottwave-forecast.com/wp-content/uploads/2020/05/IBEX-WEEKLY20200528151146.jpg'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2020/05/IBEX-WEEKLY20200528151146-1024x512.jpg[/IMG][/URL] Above chart is the $IBEX35 weekly chart which requires at least two more cycles lower in the form of IV and V before a turn higher. This idea will make most of the instrument sideways. We believe $IBEX35 will make a new low at the time $DIS makes a pullback in wave ((2)). Another pullback in DIS can happen at the end of the year when $IBEX35 makes the last swing lower in wave V red. Another Interesting instrument is $IBM which also is showing a clear sequence lower and should soon reach the blue box buying area. Until then, the whole market will remain sideways to lower. [URL='https://elliottwave-forecast.com/wp-content/uploads/2020/05/IBM-Weekly20200528151304.jpg'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2020/05/IBM-Weekly20200528151304-1024x512.jpg[/IMG][/URL] As far as IBM does not reach the blue box, $DIS will be trading sideways in a series of ((1)), ((2)) and then I and II. But when cycle in IBM ends at ((II)), the whole market including Disney will rally. The reaction from the lows at 3.18.2020 so far looks like 3 waves. However, looking at other markets, we should see more upside and possibly create an impulse off the lows. Here is the 4 Hour chart of $DIS showing the idea and proposed path. [URL='https://elliottwave-forecast.com/wp-content/uploads/2020/05/DIS-Quater20200528150913.jpg'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2020/05/DIS-Quater20200528150913-1024x512.jpg[/IMG][/URL] As we always do at EWF, we look at the market as a whole. Some instruments still can trade below the 03.2020 low, but some others will not trade below ever again. Combining everything together will provide a very nice opportunity. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…