WALT DISNEY - DIS
Monthly chart shows an abc 3 wave pattern into .786 fib area ... making a large bearish gartley butterfly pattern. Last move up was made with divergence.
Weekly chart clearly shows a head and shoulders reversal pattern, as well as an evening star candle reversal pattern into smaller .786 fib.
Daily chart shows more clearly the abc 3 wave pattern into .786 fib resistance, creating yet another bearish gartley butterfly pattern. Sellers came out in force on Friday, gapping down the price at the open and closing on its lows for the trading session. Look for further weakness next week.
Sunday, October 21, 2007
DIS Analysis for 10.20.2007
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