Walt Disney Co. is looking bullish on the 15-minute chart, but we will have to wait for the A-B-C retracement, before we go long here. A clear five-wave impulse to the upside with nicely visible wave structure suggests for an uptrend. Wave B up could soon start, preceding wave C down, which should find support near the 61.8% Fibonacci level at 79.40. Once this zone is touched, Walt Disney Co. would have a potential of going north, probably above 82.83. Our count would be invalidated, if price falls below 77.20.
