$DIS TOP 20
Added 2024-04-07 11:00:11 +0000 UTCHow many times do we see the ascending wedge, which is a bearish formation, breakout to the upside, only to come crashing back down, signalling a fake breakout.
This is very typical in Wave 5 as people chase believing a chart will continue moving higher.
The 2.27 Fib has been lost now, so what we want to see is a retest of this line from below and a rejection, then we can expect a move down to complete Wave A as shown.
Good start to this pull back...but it is still not confirmed yet until the 50 Day MA is lost at $110.
