MCD Elliott Wave Analysis: McDonald’s Corp. (MCD) - Daily and 1-Hour Charts

This analysis examines McDonald's Corp. (MCD) from both the daily and 1-hour chart perspectives, applying Elliott Wave Theory to identify current trends and predict future price movements.

MCD Elliott Wave Analysis – Tradinglounge Daily Chart

McDonald’s Corp. (MCD) Daily Chart

MCD Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave 1 of (1)

Direction: Upside

Details: The daily chart shows McDonald's in Wave 1 of (1), signaling the start of an impulsive move after a prolonged correction in Primary Wave 4. This correction seems to have bottomed, leading to a strong upside movement. This marks the early stages of a new bullish phase, with further upside potential as Wave 1 continues to develop.

MCD Stock Technical Analysis – Daily Chart Overview

McDonald’s has entered a bullish phase in Wave 1 of (1) after completing a lengthy correction in Primary Wave 4. The daily chart suggests a strong upside thrust as this new impulsive wave unfolds. Traders should watch for further upward momentum as Wave 1 progresses.

McDonalds-Corp-1D-St...


MCD Elliott Wave Analysis – 1-Hour Chart

McDonald’s Corp. (MCD) 1-Hour Chart

MCD Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave {iii} of 1

Direction: Upside

Details: The 1-hour chart shows McDonald's in Wave {iii} of 1, with further upside likely. This subdivision of Minute Wave {iii} suggests that the wave is nearing a potential top, likely around the middle of MinorGroup1, near the $320 level. After this peak, a brief corrective phase may occur before resuming the broader bullish trend.

MCD Chart Technical Analysis – 1-Hour Chart Overview

Wave {iii} of 1 in McDonald's 1-hour chart appears to be approaching a top around the $320 mark. Once this top is reached, traders can anticipate a small corrective phase before the bullish trend continues. Keep an eye on the price action near this level for potential short-term pullbacks.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Deere & Co. (DE) Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

McDonalds-Corp-1H-St...

Related

Tata Consumer Product Stock Analysis: Elliott Wave Insights, Key Levels, Price Predictions, and Daily & 4H Chart Breakdown

Tata Consumer Product Stock Analysis: Elliott Wave Insights, Key Levels, Price Predictions, and Daily & 4H Chart Breakdown

Analyze Tata Consumer Product (TATACONSUM) stock with Elliott Wave principles. Get insights into wav...

Read More >
Ethereum ETF (ETHE) Elliott Wave 3 Forecast: Breakout Rally Toward $26 with Trading Strategy and Risk Invalidation Guidance

Ethereum ETF (ETHE) Elliott Wave 3 Forecast: Breakout Rally Toward $26 with Trading Strategy and Risk Invalidation Guidance

ETHE has entered a powerful Wave 3 phase per Elliott Wave theory, targeting new highs with a project...

Read More >
Dogecoin Elliott Wave Technical Analysis: Price Predictions, Trading Strategies, and Market Trends

Dogecoin Elliott Wave Technical Analysis: Price Predictions, Trading Strategies, and Market Trends

Get comprehensive insights into Dogecoin's (DOGEUSD) market trends using Elliott Wave analysis. ...

Read More >
WiseTech Global (ASX: WTC) Elliott Wave Analysis: Bullish Wave 5 Breakout & Stock Forecast Indicating an Uptrend in Share Price

WiseTech Global (ASX: WTC) Elliott Wave Analysis: Bullish Wave 5 Breakout & Stock Forecast Indicating an Uptrend in Share Price

Our Elliott Wave analysis of WiseTech Global (ASX: WTC) highlights a potential Wave 5 breakout, indi...

Read More >
Cocoa Commodity Elliott Wave Technical Analysis: Market Trends, and Trading Insights for Wave B and Wave C Forecasts

Cocoa Commodity Elliott Wave Technical Analysis: Market Trends, and Trading Insights for Wave B and Wave C Forecasts

Gain valuable insights into cocoa price movements with Elliott Wave analysis. Explore the projected ...

Read More >
FTSE 100 Elliott Wave Technical Analysis: Market Trends, Price Prediction, Wave Count, and Trading Strategy for UK Stock Market

FTSE 100 Elliott Wave Technical Analysis: Market Trends, Price Prediction, Wave Count, and Trading Strategy for UK Stock Market

FTSE 100 Elliott Wave Analysis provides a detailed forecast based on wave theory, helping traders na...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on