 Welcome to the channel. This is reliable Rudy and this video will be going over our part 4 on Walt Disney Company Where we're mainly focused on the charting aspect of things I did tweak my numbers slightly and everything money software did update their most recent orange report in So all I did I lowered the revenue a little bit and the profit margins added a little bit more margin of safety And I added this 99 15 to my watch list if the price ever drops below 99 15 I'm definitely going to be interested in Walt Disney and we'll touch base on that on the chart But before we go over to the chart I'm not a licensed financial advisor. Everything in this video contains only my opinion and it's for entertainment purposes only I have no individual holding in Walt Disney I have nothing to gain. I have nothing to lose. I'm simply just stating my opinion So before we go to the chart, we are going to look at the holders now I've already looked at it, but Vanguard total stock market index fund is the top mutual fund holder for Walt Disney So even though I missed out on Disney When it was down trading underneath the hundred I'm still gonna benefit from having it in my VT Vanguard total world stock market index fund That's the beauty of VT and why I continue to dollar-cost average into broadly diversified index funds because I'm not perfect I'm going to make mistakes. This is why this is a larger position for me for my portfolio so Nonetheless, let's go over to the chart. I know this is what you guys are tuning in for This is exactly how I had my chart set up as we were getting a fallen price for Disney now. You can see We have a nice long-term trend line. We got our three points of contact There is a nice double bottom that comes in right here and we tap this On-point back test in the top of my downtrend will go over all these lines that I have in here through the course of this video it is going to be a longer video if That's not something you're interested in you want this shorter eight to ten minute videos Well, you don't have to watch the whole thing, but there is a lot of good information that we're going to go over So the green lines represent my gap downs that never got filled on the way down on this price And these red lines in here I will zoom in just a little bit are my gap ups on the way up now when I started tracking this I was starting to get more attracted as the price kept falling and I had identified these as buying windows right here Now the red lines are the gap ups. Well, the yellow lines Is my support you can see over here? We're going to go to the very beginning where I have this set up and we're going to switch this over to a Day chart so every candle now represents a day you see this triple top that we set right here This triple top we never set a close above this line acts as resistance Now when we push through I'm looking for it to act as support it's trying to it does it does again does again does again Holds as support again And let's keep going over holds as support again. We do trade below that and Ultimately, this is the most recent bottom that we have and we do fill this gap that we have set right here And ultimately I never made a position in Disney. Do I regret it? No, I never regret anything because everything's a learning curve Everything is a is something that you can analyze to become to help you become a better trader a better investor Do I wish that I that I bought this buying window that I had laid out? Yes, of course I do It's a roughly a 40% trade at the current price and up to this gap So which we're going to go over real quick before we clear everything. It's about a 22% trade Do I wish I was in on that trade? Yes, of course I do But as I stated I already am a holder of Disney in my vanguard total world index fund So keep that in mind. So this downtrend right here We are still quite a ways from it But we have our shorter term downtrend that we are coming in contact with right here So we're going to go and dive into this real quick now first I want to talk about this gap down so on June 2nd of 2022 we gap down and this never got filled now. Let's see how we come in contact with this Now keep in mind. We're two days on This day when we fill this wick there was definitely sell orders directly off that gap You can't tell me that there wasn't we wick right through it and it gets set selling pressure And more than likely it was people that got in probably down at this window and said I'm going to run this up to this gap And I'm going to sell it before the earnings Some people don't like holding a stock going into earnings, but look at what transpired So the day before that we gap up. We wick through that gap We get the selling pressure now we attempt to come down and fill that gap The buyers hold it up above that gap next day. We gap up now They reported earnings after hours if I click on this it shows that moon symbol that means they reported after hours Look at how we set a close on this day Look at this previous high right here. We set a close above that previous high Bullish look going in the earnings and they reported pretty good earnings now. We gap up the next day We set a direct wick into that shorter term downtrend that I have set You see that direct wick into that now. We do get some trading days above this You can see we're trying to hold above this this wick is Backtesting the top of this downtrend now if we crack below this downtrend. I do not know what that holds in store I do not have a crystal ball. I do not know what the future holds But I would be careful if we do get a crack on top of this because it's going to try and come down here and fill These gaps that we have and we do have quite a few gaps So the gap right here gap right here gap right here gap right here gap right here gap right here and the gap down here at 9183 so Do I think it's possible that those gaps get filled? It is possible, but Like I said, I don't have a crystal ball now one other thing that I want to point out before we clear everything Look at how familiar This looks right here See these two downtrends. Let's go over here We're going to go over this in particular later on the video, but look at how similar that looks is it possible That's what's transpiring. I don't know it'd be pretty crazy if it was But ultimately I probably didn't buy this recent low right here because I was being greedy a lot of the market Was down and I probably wanted to buy the next buying window it's closer to my overall long-term uptrend and It would have been a gap free chart from our COVID drop I would have definitely been interested in that as well But nonetheless, we're going to clear our chart We're going to start from scratch and we're going to go over this drop and this drop and then a little touch base on our COVID drop as well, so I'm going to clear the chart And we're going to start over I'm going to switch this over to a month chart Now I can see I want to see the whole entire history of the stock This IPO became a publicly traded company in 1968 I want to set a Trendline now I'm looking for three points of contact now my three points of contact right there boom boom boom We've never come in contact with that since 1984 do I want to use that? Also, if I keep it like this It's not the most parallel channel So I'm going to tweak this just so we get that extra point of contact right there And we're going to tweak the bottom of that now you see how this is a nice parallel channel right here Beautiful, I like exactly how that set up and that is how we're going to keep our Channel moving forward in the video now. I'm very focused on this drop. We're going to switch back over to a week chart Now every candle represents a week We're going to zoom into this fall right here Now what do I see I see a one two three four five now my wave four doesn't really back test the bottom of wave one But I mean this is a clear five wave structure and it's actually the start of my uptrend Now touching more into this uptrend. I can see this nice double bottom that comes in off of this I'm going to push that right there now. Why did I put it right there? We do trade below it a little bit But when we push back on top of it you see how we back test the top of it right here real quick before we ultimately Start moving forward. I like exactly how that looks and that's how I want to have my uptrend set So with this five wave structure to the downside We're going to use a fib tool top of the move bottom and move and we're going to see how this extension plays out Let's move this all the ways across right there now at my first extension sell off Zoom in so you guys can see this a little better sell off Sell off at my second extension. We get a little shoulder as we're approaching our next one We do trade above this but you see these wicks that are coming in at my full extension Supply and demand there were people that wanted to sell the stock into this is full extension Now with this full extension. We do have a nice sell off right here over top of my full extension, but nonetheless we hit this full extension in July of 1989 we pushed that full extension never come back in January of 1992 two and a half years of trading sideways at this full extension Supply and demand more people want to buy than sell the stock price is going to go up after two and a half years of consolidating sideways it was finally enough and we pushed past this full extension in 1992 So I don't want to talk too much about that fall because this is the fall. That's really important to me I'm really focused on this fall. There's a lot of good information to go off of over here now first thing that I see We're going to talk about this W pattern right here Now you can see we we are getting selling pressure at the top half of my channel that I had set right here But we have a nice W pattern right here if I was going to set this out Now I don't like how this neckline is a very high neckline You see how we when we set this neckline and double bottom right here This neckline is extremely extended up on the high side But we are going to mark it out just for the sake of this video now we do get our extended right leg We set a close above my left leg. Here's my left leg. We get a close right here above my left leg I'm instantly going to be attracted to this neckline Now what else do I see here? I see we have a gap fill See this gap fill. See how we try to fill it right there Now when we when we do back test this neckline, we got four weeks of trading inside this window What is this percent run to the upside right here? 18% trade you did very well now you're out and look at what transpires off of this neckline Boom huge sell-off coming off of that. We also have a one two three triple top lower high another lower high I'm going to want to mark that with a downtrend right there three points of contact and look at where we transpire with this So we set this third top. This is the start of the dot-com boom the year 2000 October of Now we come in contact with this again in February of 2004 three Three almost four years of trading Before we come in contact with this downtrend again, and we do get price action off it supply and demand if more people want to buy Or sell now there's a lot of good information to go over right here from this triple top We get a one two three four now my wave four pretty much back test the bottom of wave one Here's my wave one my way for back test in the bottom of it exactly what I want to see And we do get a wave five that comes in right here now. I also want to set this downtrend right here We got three points of contact Now what transpired at the end of our five wave structure? We get this higher low and we start this uptrend. We're gonna mark this uptrend right here Beautiful exactly how I want to set up right there now when we push this shorter term downtrend This is the downtrend. I'm talking about right here We push this downtrend full green and golfing candle and we try to trade back down to it But buyers hold it up Ultimately look at what happens the next time we come in contact with this uptrend We have set we trade down to it now This is after we had already got rejected from our longer term downtrend the triple top downtrend right here Now what happens right after we come in contact with that one two three four five wave structure down to my uptrend Absolutely gorgeous right there now What happens when we actually do push on top of this longer term downtrend from my triple top? Right there we push it with full green and golfing the same way we did over here and what do we do? We attempt now I can play with this a little bit right there We set this double bottom on top of my downtrend and we continue the run Now this downtrend is not over with if I pull this downtrend further over here. I'm gonna try and keep it exactly the same Triple top meet with it rest on top We come in contact with that again meeting up with our overall long-term uptrend Look at that guys. You want to talk about a world-class entry right there? This was this was it a world-class entry at the end of my housing market crash now You can't tell me that's not a coincidence. You can't tell me guys You I'll argue that to the day-a-day. You cannot argue that Supply and demand if more people want to buy than sell housing market crash my ass That's what I think about that because look at this frickin run that it goes on right here 700% run Housing market might our housing market crash. Yeah, what a bunch of bologna. Well, nonetheless We're gonna take this five-way structure And we're gonna go top in the move bottom and move exactly how I did that now you see We do get some sell-off at our all-time high price. You see this double top that comes in right there That's what I'm focused with double top right at my all-time high price sells off We get some congestion at my first extension Congestion at my second extension look at this sell-off at my next extension right here Almost taps it on the money sells off tries again sells off We trade sideways for four and a half years. I know because I've already attempted this video We get direct sell-off at our full extension sell off again We trade off above it we get back below it look at this selling pressure on this wick right here for another lower high Now what just so happens to be this fall? COVID drop You can't tell me that's not a coincidence guys. This is a full extended stock Setting a lower high wick into a full extension COVID comes just out of nowhere, right? Nobody could have ever seen that coming right? What a load of crap. That's what I think about that We're gonna take this off. I Know this is we're starting where at 15 minutes my bad I'll start trying to wrap this up guys, but there's still good information to go over here So COVID drop right here. We're gonna take top of the move bottom of the move Where do we get rejected at now? We've already mentioned in All of my Disney videos that they were completely hands down negatively affected from COVID We still get this run. Where do we get rejected at on my first extension now? Look at my full extension Is it a coincidence that this full extension is sort of meeting up with the top of my channel? Let's go back and look at the top of my channel Right there. Is it a coincidence? My full extension is meeting up at the top of my channel I'll leave that up to you guys to decide now. We are going to set a We're gonna go over to a day chart And I'm going to mark this in exactly how I had it before We're gonna take that fib tool off so This very top run now. Why did I set this long-term trend line like this? I got one two We set a double top. Let's zoom into this a little bit actually So we got our first point of contact second point of contact We never so we set one little close above that but ultimately this is a double top selling pressure Gaps down very next day. I like exactly how this downtrends looking right there And you can see we attempt to come in contact with it again supply and demand it just so happened We were coming into this day on earnings. This is the earnings day right here Is this a bearish or bullish look going into earnings? That's bearish all day because you're getting rejection off of your trend line your downtrend My bad, and you have this gap that needs to be filled we gap down below that in general with these earnings Because they were negatively affected over the last three years. You can't tell me that they weren't So what's transpired from that point? We're going to set our other downtrend right here Exactly like that Now why do I have it set like that because we set this double top right into I got one two three Selling pressure wick as we're getting to that fourth point of contact and look at how we directly come in contact with that Basically on the earnings day Coincidence or not and now we're trying to rest on top of this If we fall below this trend line again, you know, I don't know what's gonna hold What's in store for Disney are we gonna come down and trade down at these levels? I don't know but looking back Keep remember this look right here. We have our long-term downtrend and our shorter term downtrend that we're testing at the moment Does anything look familiar there? Guys, does anything look familiar there ask yourself that I mean if You guys don't enjoy this content right here, you know, maybe I don't need to make videos this long about it But this was all extremely good information and why I think the potential for investing and understanding Charting is very important in my reliable Rudy process. You know drop a like drop a subscribe I enjoyed the Walt Disney series and I'm I look forward to making more videos about this and especially over the charting stuff because this This stuff is mind-blowing Yeah, if you guys like the video, I hope you guys like the video and we will see you on the next one