DIS prepare to short above 117 or 122
In a weekly chart, DIS is in downtrend consolidation. This plan is to short at hourly supply zone.
First supply zone, use confirmation entry:
Price needs to go above 118, and not over 120, when it goes down,
Stop Short 117.5
Stop 120
Target:99.5 risk/reward=2.5/18=1:7.2
2nd supply zone, use Limit entry:
Limit Short 122.5
Stop 125
Target:99.5 risk/reward=2.5/23=1:9.2
Better take the 2nd entry.
The first level short will absorb most of the buying pressure.
After the first level short positions had been stopped, the 2nd supply zone will get much better probability to survive.
First supply zone, use confirmation entry:
Price needs to go above 118, and not over 120, when it goes down,
Stop Short 117.5
Stop 120
Target:99.5 risk/reward=2.5/18=1:7.2
2nd supply zone, use Limit entry:
Limit Short 122.5
Stop 125
Target:99.5 risk/reward=2.5/23=1:9.2
Better take the 2nd entry.
The first level short will absorb most of the buying pressure.
After the first level short positions had been stopped, the 2nd supply zone will get much better probability to survive.
Order cancelled:
Gap down to 91. it will not match the entry conditions.