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

On the daily chart, a downward correction of the higher level ended as the wave B, and the wave C started, within which the entry first wave 1 of (1) of C formed. Now, a downward correction is developing as the second wave 2 of (1) of C, within which the wave a of 2 has ended. If the assumption is correct, after the wave b of 2 the price of the asset will fall to the area of 106.72–101.38. In this scenario, critical stop loss level is 123.80.

Shares of The Walt Disney Co., one of the leaders in the entertainment industry, are trading within a corrective trend at 110.00.