Get started
jacobosiason7

Symmetrical Triangle - Update

Long
Walt Disney Company (The) (NYSE:DIS)  
jacobosiason7 Updated   
NYSE:DIS   Walt Disney Company (The)
Trend Analysis Chart Patterns Technical Indicators symmetrical_triangle gap_fill Bullish Patterns breakout support_and_resistance supply_and_demand buyer swingtrading
5
1
trendanalysis chartpattern indicator symmetrical_triangle gap_fill bullish breakout support_and_resistance supply_and_demand buyer swingtrading
Keeping a close eye on DIS here as it's still holding a big symmetrical triangle with a big gap to fill on the upside after selling off after earnings. MACD cross and some slight hidden bullish divergence on the RSI on the 4-Hour timeframe (Not Pictured). With buyer volume should really pop- Will be looking for a breakout from this triangle (Broader Markets Permitting) - Just some support and resistance levels to keep an eye on in the meantime along with some RSI-based supply and demand zones - Bullish and looking for a breakout

- Symmetrical Triangle
- Closed Friday Reclaiming & Sitting on the 50-day EMA
- MACD Cross on the 4-Hour Timeframe (Not Pictured)
- Slight Hidden Bullish Divergence on the RSI on the 4-Hour Timeframe (Not Pictured)
- Big Gap Fill on the Upside
- Buyer Volume Picking back Up

PT1- $158.76
PT2- $161.83
PT3- $163.67
PT4- $172.55 & Gap Filled

-- Previously Charted --
snapshot
snapshot
Comment:
PT1 Reached ✅
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.