This Same Chart Pattern Is Appearing on Many Dozens of Names; Here Are 20 Examples

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Stocks Like $DIS Make Me Want to See One More Flush

$DIS counts pretty well, and I feel like it needs one more low. It’s hit the 50% retracement, but ideally we want to see it hit the 61.8% (lower end of the box). They’ve made this too easy on the bulls if everything just rallies straightaway from here.

At the bottom of the December low (on the US indices), the put to call ratio never even got to one. Despite what the $VIX looked like, no one was genuinely afraid down there. I do feel like we need another good flush.

DIS


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$DIS Following the Script I Laid Out in August

Back in this tweet, I pointed out the symmetrical triangle I believed was developing on $DIS. And it’s now nosing through it. For this one, we can target the old highs.

DIS

[UPDATED]: This failed spectacularly. I will file this under “Unsuccessful Calls.” I will need to monitor the price action from here prior to making a new call.

DIS


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.