McDonald’s Corp. stocks Elliott Wave technical analysis [Video] | BinanX News

MCD Elliott Wave Analysis Trading Room.

McDonald’s Corp., (MCD) daily chart.

MCD Elliott Wave Technical Analysis

Function: Trend.

Mode: Impulsive.

Structure: Reason.

Position: Wave {v} of 1.

Address: Upwards in wave {v}.

Details: We are looking for a top at wave 1 of (1) or what could also easily be wave (1) of Primary 5, as we have been trading at TradingLevel3 at $300.

McDonald’s Corp. 1H Chart, (MCD)

MCD Elliott Wave Technical Analysis

Function: Trend.

Mode: Impulsive.

Structure: Reason.

Position: Wave (iii) of {v}.

Address: Rise in wave (iii).

Details: Looking for upside in wave (iii) as we approach $300 once again. Ideally, look for a classic trading level around $300 and then confirm the long position towards ATH.

This McDonald’s Corp., (MCD) analysis focuses on daily and 1-hour charts, using Elliott Wave Theory to evaluate current market trends and forecast future price movements.

MCD Elliott Wave Technical Analysis – Daily Chart

MCD is advancing within wave {v} of wave 1 (or potentially wave (1) of Primary 5), as it trades around the significant resistance level of $300, which corresponds to TradingLevel3. This area is critical as it could mark the completion of this impulsive wave or prepare for the next phase in a larger bullish structure. A possible formation of a top around this level could indicate the completion of wave 1 or a prolonged move up in primary wave 5.

MCD Elliott Wave Technical Analysis – One Hour Chart

On the 1-hour chart, MCD is progressing in wave (iii) of {v}, with clear bullish momentum as it once again approaches the key $300 mark. The current price action suggests that it is MCD is likely to continue rising in wave (iii), and a decisive break above $300 would confirm the bullish case, with potential targets towards an all-time high (ATH).

Technical analyst: Alessio Barretta.

MCD Elliott Wave Technical Analysis [Video]