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:
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.