H&S pattern forming on DIS, could head lower.

19 Eyl 2019

Disney (DIS) is currently forming an H&S pattern, which is generally a topping formation pattern. Based on what I see, I think Disney could retrace down toward 117.50-120; as it would coincide with a gap in the price action (around 117.50 or so) and it would test a potential bullish S/R flip around that 120 zone that acted as resistance for awhile, as shown by the red box.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.

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19 Eyl 2019

Not

Here is a bit of a cleaner view of that H&S pattern formation:

20 Eyl 2019

Not

H&S pattern playing out so far:

25 Eyl 2019

Not

Not a ton to update, still within the H&S formation: