McDonald’s Corp. (MCD) Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

MCD Elliott Wave technical analysis

Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave (3) of 5.
Direction: Upside within wave (3).
Details:
- Seeking confirmation of wave (2) bottom after a clear three-wave move.
- Expecting further upside into wave 1 of (3) to validate wave (3)’s uptrend continuation.

McDonald’s Corp. (MCD) Elliott Wave analysis – Daily chart

MCD Elliott Wave technical analysis

Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave (iv) of {iii}.
Direction: Upside in wave (v).
Details:
- Anticipating wave (iv) completion soon.
- Expecting further upside in wave (v) toward TradingLevel3 at $300.

This Elliott Wave Analysis of McDonald's Corp. (MCD) provides insights based on both the daily and 1-hour charts, helping traders understand market trends and price forecasts.

McDonald’s Corp. (MCD) Elliott Wave analysis – One-hour chart

Summary

The analysis outlines key trends across multiple equities, indicating both corrective and impulsive movements. The S&P 500 stocks examined here exhibit a mix of trend continuations and corrections, providing trading opportunities across different phases of the Elliott Wave Cycle.

McDonald’s Corp. (MCD) Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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