Disney Fall From Triangle
Disney falling below symmetrical triangle and could be looking to do a break down. Disney also fell below the cloud so it is likely to be bearish for a while. The cloud will be a major area of resistance and disney has a gap at 85-90 that it could possibly go back and fill with the upcoming earnings that are rumored to be bad. In addition, Disney was unable to break the 1 fib line which would cause a double top if disney did somehow go up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.