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

Peter Mathers TradingLounge

MCD Elliott Wave technical analysis - Daily chart

Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave 1 of (3).
Direction: Approaching a top in wave 1.
Details: Expecting a top in minor wave 1, ideally near the previous wave (1) high, followed by a pullback before resuming the uptrend above $300.

Daily chart summary

MCD is currently in the final stage of impulsive wave 1 of (3). We anticipate a top forming soon in minor wave 1, likely near the previous wave (1) high. After reaching this peak, we expect a pullback before resuming the uptrend, with a target above $300 in subsequent waves.

MCD Elliott Wave technical analysis - One-hour chart

Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave {iv} of 1.
Direction: Bottoming in wave {iv}.
Details: Wave 1 is subdividing, and we expect another push higher into wave {v} to complete the current uptrend.

One-hour chart summary

On the 1-hour chart, MCD is currently in wave {iv} of 1. A correction is expected to complete, followed by another push higher into wave {v}, signaling the completion of wave 1’s current uptrend. This final movement will confirm minor wave 1’s top.

McDonald's Corp. (MCD) market outlook

This analysis of McDonald's Corp. (MCD) examines both the daily and 1-hour charts using Elliott Wave Theory to assess current market trends and forecast future price movements.

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.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD gathers strength above 1.1750 as Fed rate cut prospects pressure US Dollar

The EUR/USD pair trades in positive territory around 1.1775 during the early Asian session on Monday. The prospect of a US Federal Reserve rate cut in 2026 weighs on the US Dollar against the Euro. Markets brace for US President Donald Trump to nominate a Fed chair to replace Jerome Powell, whose term ends in May.

GBP/USD edges lower near 0.7400, eyes Fed rate cut outlook

GBP/USD edges lower after a gap-up open, trading around 0.7410 during the Asian hours on Monday. However, the pair may gain ground as the US Dollar faces challenges, which could be attributed to growing expectations of two more rate cuts by the Federal Reserve in 2026.

Gold retreats from record highs, heads toward $4,550

Gold retreats after setting a new record-high at $4,550 earlier in the Asian session on Monday and eases toward $4,500 as trading volumes thin out ahead of the New Year break. The US Dollar bearish bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Ethereum Annual Price Forecast: ETH poised for growth in 2026 amid regulatory clarity and institutional adoption

Ethereum lost 12% of its value in 2025, declining from $3,336 at the beginning of the year to $2,930 as of the third week of December, a stark contrast from 2024's 48% gain. But that percentage doesn't do justice to the wild year ETH had in 2025.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.