Disney $DIS has been in consolidation since reaching a high just above $122 per share in August 2016. The weekly chart below shows that the structure of the consolidation has been a triangle pattern and price is now at the triangle resistance.DIS Weekly Chart(click to enlarge)Triangle Wave Count:- The weekly chart shows the triangle consolidation and labeled the major waves within the triangle.- Based on an Elliott Wave count, DIS has completed an a,b,c and d waves of an a-b-c-d-e (5-wave) count.- With Elliott Wave consideration, we might want to anticipate another wave down.Bulls in Charge:- Even if we anticipate a bearish wave in the near to short-term, we should see that there is overall bullish bias in the long-term.- First of all, the prevailing trend going into 2016 was bullish.- Also, price has held above the 200-week simple moving average. Bouncing off the 200-week SMA in late 2017 was also a sign that bulls are still in charge in the long-term.- If we apply this bullish bias to our anticipation of a wave-e-dip, we might want to limit the downside expectation.- A full swing to $100 is within the context of the a-b-c-d-e count and triangle projection, I think we should monitor for support around $104. - Holding above 100 or 104 will maintain a bullish bias, but a bounce off of 104 would be a strong bullish sign. - Price bouncing off of 104 will have stronger implication that the market wants to break above the triangle.