Walt Disney - Renko Analysis 06/04

Walt Disney (DIS) - Renko Charts, Elliott Wave Analysis

• Wait for confirmation of downtrend, monitor price levels of 75.24 & 70.51
• Sell on pullbacks, targeting 60.3 and 50.44
• Go long from 50.44, booking profits near 60.30, 70.51, 75.24
• Possible double top near 75.24

Trade idea invalidated or needs to be reconstructed if a new high is made. Hence confirmation of downtrend required near 75.24 and 70.51