Shares of The Walt Disney Co., one of the leaders in the entertainment industry, are trading at 109.00.

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

On the daily chart, the upward correctional wave of the highest level (B) and the wave C of (B) develop. Now, the first entry wave of the lowest level i of C has ended, and the correctional second wave ii of C and the wave (c) of ii are forming. If the assumption is correct, the price of the asset will fall to the area of 102.20–97.00. In this scenario, the critical stop loss level is 116.11.