Looking at Disneys percentage pullbacks, the most recent downtrend was over 70%, which tells me its most aggressive downward price action could have already played out. It could get much worse or have a period of sideways action. After looking at shorter time frames it kind of made me reconsider how much downside was still in store for it. It'll be interesting to see how things play out. I still think the Debt Ceiling situation could be a catalyst.
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.