Disney: This One Doesn't End Well
Short Term - We look to Sell a break of 128.13 (stop at 131.49)
A break of bespoke support at 130.00, and the move lower is already underway. Trades with a bearish descending triangle formation. Our outlook is bearish . The trend of lower highs is located at 142.00. Continued downward momentum from 160.00 resulted in the pair posting net daily losses yesterday.
Our profit targets will be 116.29 and 102.30
Resistance: 142.00 / 158.00 / 185.00
Support: 130.00 / 120.00 / 100.00
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