After the end of the Ending Diagonal, we have seen DIS dropped more than 20% from the all time high of $122.08. This impulsive 5-wave down could take DIS all the wave to the beginning of the ED which is around $78ish. This is in line with the long term wave 4 target of $81.23 which is also the FB retracement of 38.2%.
The timeline for the end of wave 4 is around March 2016 with wave 5 around July of 2017. When DIS hits $81 or thereabouts, it might be ok to buy a tranche with a SL at the intersection of the long-term trend line.
The timeline for the end of wave 4 is around March 2016 with wave 5 around July of 2017. When DIS hits $81 or thereabouts, it might be ok to buy a tranche with a SL at the intersection of the long-term trend line.
