Walt Disney Company (The)
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Don't f*** with the mouse they said ($DIS)

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Could this be an impulse from inception to all time high?

Certainly looks like it could be an impulse finished or close to finishing starting at all time high, which would just be an A-wave in that case.

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An alternative would be to have this impulse as the C-wave of a flat only finishing wave 4.

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Not
Lower timeframe, diag count into that .618 level

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Not
Didn't give that last move, but the count works:

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Still has a bit room to the downside, which could be filled with a few ZigZags, without changing the count, but it very well might be finished here as shown.
Not
So it actually gave that last low that I was looking for after all.

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The most bullish view would be an impulse followed by a flat correction here:

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Not
Went a bit deeper, but the low held so far and the count works as a flat with an expanding diagonal flat.

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Certainly an interesting look right before earnings. For the most bullish case, could be viewed as a 1-2 1-2.
Not
Up it went.

Definitely not calling any tops here, just a possible count with an extended wave 5. There could very well be more steam in here.

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Above 95$ is a lower volume range up until that zone starting at around 98$. So going into 95$+ might either be denied or it might move quickly up to 98$.
Not
The previously mentioned denial above 95$ played out.

Assuming a sideways wave 2 as shown, the expectation for a wave 4 would be a sharp move.

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In this case there'd still be a bit left to go down (not necessarily straight from here).

Afterwards the goal would still be that 98$+ zone, possibly to close that gap around 100$.
Not
As expected so far.

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If we are in a wave 4, we're now in the territory of interest. It could double bottom and hold the 90$ level or go as deep as 87$ - 88$. Either would work for a wave 4 finish.
Not
Almost there

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Not
Got that 100$ target and then some.

Overall, as shown in the initial post, I'm expecting a bigger (upwards) correction of the move from the all time high. The 137$ - 145$ range looks like a good minimal target for that.

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As for a count, here are some possibilities I see:

a) An extended wave 5 in the impulse of wave A

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b) A sharp multizigzag

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c) We're currently just in wave 3 of an impulse, which would be only an A wave.

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There's also the consideration that the low could've been at the 79.2$ spot, with a truncated wave 5. That would influence how many swings to expect for the impulse (orange count).
Not
Pretty good estimate for at least a local top and a necessary correction in the last update in all shown counts.

All those counts are still possible, though this one looks most fitting at this point:

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The correction would look a bit short in time, so this might be only the first actionary wave of the corrective, possibly turning into a sideways correction.

The zone around 100$ would still be once to watch for a hold for starters.

Feragatname

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