McDonald’s Corp. (MCD) Elliott Wave Analysis – TradingLounge Daily Chart

McDonald’s Corp. Stock Daily Chart Analysis

MCD Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (3) of 5

Direction: Bullish continuation within wave (3)

Details:

• Monitoring wave (2) bottom confirmation following a distinct three-wave retracement.
• Expecting further bullish momentum as wave 1 of (3) develops, confirming the uptrend of wave (3).

McDonald’s Corp. (MCD) Elliott Wave Analysis – TradingLounge 1-Hour Chart

MCD Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (iv) of {iii}

Direction: Bullish continuation into wave (v)

Details:

• Anticipating wave (iv) completion, signaling potential continuation of the bullish trend.

• Expecting upside movement in wave (v) targeting TradingLevel3 at $300.

Technical Analyst: Alessio Barretta

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Market Insight & Summary

This Elliott Wave Analysis of McDonald's Corp. (MCD) provides a structured outlook based on both daily and 1-hour charts. The analysis highlights key trend formations, corrective structures, and impulsive waves, helping traders identify potential trading opportunities. The broader S&P 500 analysis reflects a combination of trend continuation and market corrections, offering valuable insights for market participants navigating different Elliott Wave cycles.