DIS 1/6/2022
DIS was in a Descending for almost all of 2021. In Nov. ’20, price broke down from triangle and is now in the middle of pulling back in the form of a Bear Flag
We also have a Death cross of 50 and 200 ema signaling a bearish market.
50ema is within Bear flag and price is currently pulled back to it and rejecting it. We are also at resistance level of bear flag. This is my entry.
Entry: 155.33
Stoploss: 163.60
Target: 120.00
We also have a Death cross of 50 and 200 ema signaling a bearish market.
50ema is within Bear flag and price is currently pulled back to it and rejecting it. We are also at resistance level of bear flag. This is my entry.
Entry: 155.33
Stoploss: 163.60
Target: 120.00
Note
Updating stop loss. Stop Loss: 156.00
Note
Updating Target:Target 120.00 or Trailing 10ema
Trade closed: target reached
Exit - 142.70 - +8.13%, 1.53 RR ratio
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.