Key level on DIS is bullish

Alright folks, let’s take a look at Disney ticker is di s and we’re approaching a bullish seasonal window here coming up at the around the end of March, early April. As you can see here we have a trade that’s lasted around 2022 calendar days average win rates been 7% 1% has been 86% of time over seven years. So lots of good data, we had a small loss there last year. Let’s take a look at the charts. We love the seasonal data here we like Disney as a stock overall. Let’s take a look at things here on the longer term. We’re gonna start off with the weekly chart. So looking big picture here, we’ve come down from 200, all the way down to 138 60s, where we closed on Monday 321. And we’re approaching an area what I call a titan level. This is a key institutional area where in the past buyers, large players, institutional players have stepped in and accumulated or bought the market. And that’s where we’ve identified an area right here around the 127 50 areas. You have got price alerts right here. And we’ve come down here didn’t quite touch there back in late January. We’ve come down here in the last couple days still have not touched. Notice that that coincides perfectly here with the 618 retracement levels. So I’m looking for a push back down here into this area around the 127 128 area to look for long positions. You’ll notice that secondly, we got bullish divergence by signals coming in right around here. And we know historically when these we get these bullish or bearish divergence signals on the higher timeframe, ie the weekly they can be very powerful now going over looking at this on the daily and what that means we’re also getting bullish divergence signals on the daily as well. So we have a double whammy. They’re bullish on the daily bullish on the weekly that is a great sign. And here’s what we’re waiting for. We’re just waiting for price to press back into this area a little bit farther, hopefully around the 127 area, you see that clear divergence, lower lows, followed by lower lows with our Momentum Oscillators pointing higher. So we hit we have nice bullish divergence on the daily weekly. We’re trading at at what I call a titan level and we have seasonality on our side. And if you’re curious to know more about this Titan concept is tight strategy. I’m going to be doing a free presentation on Thursday, March 24, at 2pm. Eastern, where I’m going to teach you this exact same strategy exact same concept how we can apply it on not only stocks, but also commodities and currencies as well. Regardless of the time frames. I’m going to hyperlink you to this page. All you got to do is register through the orange button and I look forward to seeing you there

Share:

More Posts

Technical damage done

A lot of technical damage done today across the board….however these types of moves can set up some absolutely beautiful trade ideas for the rest

Focus on higher timeframes first

Remember this…the higher timeframes govern the lower timeframes….always always be aware of what is going on in the higher timeframes before placing your trades

Placing targets intraday

I share a couple of ways to place targets on your traded using the TITAN trader methodology…..this can be used regardless of what method or