Walt Disney Company (The)
Long

Flag Pattern on DIS, We are ready to execute this setup

831
Today, we will show our view on DIS; let's start with the Weekly view:
snapshot
The price is above two key channels, and we don't spot any other Dynamic resistance zone for the price


On the 4hs chart:
We can see a clear Flag pattern supported on the secondary broken ascending channel. Based on the Fibo extensions we can draw, we expect a bullish movement first towards 200 and then 225

The green line represents our activation level for the setup; We will set our stop loss below the Flag pattern and break even when the price reaches a risk-reward ratio of 1:1

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