Shares of one of the leaders in the global entertainment industry, The Walt Disney Co., are trading in a correction trend around 116.00.

The price is in a correction, a fall is possible.

On the daily chart, the upward correctional wave of the highest level (B) and the wave C of (B) develop. Now, the first entry wave of the lowest level i of C has formed, and the correctional second wave ii of C and the wave (c) of ii are forming. If the assumption is correct, the price of the asset will fall to the area of 107.50–102.20. In this scenario, the critical stop loss level is 119.65.