Walt Disney Company (The)

Symmetrical Triangle - Gap Fill

321
Keeping a close eye on DIS here- Sold off after earnings leaving a big gap to fill on the upside. Holding a big symmetrical triangle on the daily timeframe along with a falling wedge on the 4-hour timeframe. With buyer volume should really pop- Will be looking for a breakout from this triangle (Broader Markets Permitting) - Just some support and resistance levels to keep an eye on in the meantime along with some RSI-based supply and demand zones - Bullish and looking for a breakout

- Symmetrical Triangle
- Falling Wedge on the 4-Hour Timeframe (See Attached Chart Below)
- RSI in oversold territory
- Slight bullish divergence on the RSI
- Big Gap Fill on the Upside

PT1- $158.76
PT2- $161.83
PT3- $163.67
PT4- $172.55 & Gap Filled

4-Hour Timeframe
https://www.tradingview.com/i/NR8Ah2gJ/

Previously Charted
https://www.tradingview.com/i/RjgEFeGl/

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