MCDONALD’S CORP.: WAVE ANALYSIS

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MCDONALD’S CORP.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point281.98
Take Profit315.00, 330.00
Stop Loss277.00
Key Levels258.35, 266.35, 277.00, 315.00, 330.00
Alternative scenario
RecommendationSELL STOP
Entry Point276.95
Take Profit266.35, 258.35
Stop Loss280.50
Key Levels258.35, 266.35, 277.00, 315.00, 330.00

The price may grow.

On the daily chart, the third wave of the higher level 3 forms, within which the wave (5) of 3 develops. Now, the third wave of the lower level 3 of (5) has formed, the correctional wave 4 of (5) has ended, and the wave 5 of (5) is developing, within which the wave i of 5 has formed, and a local correction has ended as the wave ii of 5. If the assumption is correct, the asset will grow within the wave iii of 5 to the area of 315.00–330.00. In this scenario, critical stop loss level is 277.00.

MCDONALD’S CORP.: WAVE ANALYSIS

MCDONALD’S CORP.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 277.00 with the targets at 315.00–330.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 277.00 will let the asset go down to the area of 266.35–258.35.


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