MCDONALD’S CORP.: WAVE ANALYSIS

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MCDONALD’S CORP.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point295.03
Take Profit314.20, 330.00
Stop Loss286.45
Key Levels270.25, 275.60, 286.45, 314.20, 330.00
Alternative scenario
RecommendationSELL STOP
Entry Point286.40
Take Profit275.60, 270.25
Stop Loss290.00
Key Levels270.25, 275.60, 286.45, 314.20, 330.00

Growth is possible.

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed, a downward correction ended as the second wave 2 of (5), and the third wave 3 of (5) forms. Now, the third wave of the lower level iii of 3 is developing, within which the wave (v) of iii is forming. If the assumption is correct, the asset will grow to the area of 314.20–330.00. In this scenario, critical stop loss level is 286.45.

MCDONALD’S CORP.: WAVE ANALYSIS

MCDONALD’S CORP.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 286.45 with the targets at 314.20–330.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 286.45 will let the asset go down to the area of 275.60–270.25.

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