The probability of a decrease remains.

On the daily chart, the upward correction has completed as the higher-degree wave (B), and the downward wave (C) is now developing, including the first wave 1 of (C). On the four-hour time frame, the third lower-degree wave iii of 1 has formed, and a local correction is developing as the fourth wave iv of 1. At present, wave v of 1 is forming. If this scenario proves correct, the downward trend is expected to continue toward the 91.80–79.85 area, with the critical stop loss level for this scenario at 109.90.

Shares of The Walt Disney Co., one of the leaders in the entertainment industry, are trading at 103.00.