DIS LongWalt Disney Company (The)BATS:DISProSignalaiOn DIS (15m), the broader market structure is bearish, with price forming lower highs and lower lows since topping near 119.79, which marked a clear CHoCH to the downside. This shift confirmed that sellers took control and have been driving price lower. The latest leg extended into 114.80, showing strong downside momentum before a modest reaction. The supply zones between 116.50–118.00 are significant, as price previously dropped sharply from these levels, signaling that sellers are likely to defend them again. Demand sits in the 113.00–114.00 region, where buyers stepped in aggressively before, creating a strong base that caused a decent rally. This area remains the key support to watch for any meaningful reversal attempts. Price is currently hovering near 115.00, showing signs of short-term exhaustion after a sharp decline. The projection on the chart suggests a potential sweep of demand around 114.50 before a bullish push back toward the 116.50–117.00 supply zone. If price reacts strongly from demand with confirmation candles (engulfing or strong impulsive green bars), a relief rally toward supply is likely. The trade bias is short-term bullish for a corrective move higher, but within a broader bearish trend. The key invalidation level for the bullish bounce scenario is a sustained breakdown below 113.80, which would open the door for continuation toward deeper demand at 112.50–113.00. Momentum currently favors sellers overall, but short-term oversold conditions support a potential relief rally