McDonald’s Corp., Elliott Wave Technical Analysis

McDonald’s Corp., (MCD:NYSE): 4h Chart 22 January 24

MCD Stock Market Analysis: Moving higher as expected after the triangle. As we have now broke previous ATH and we are trading around Major Level 300$, we should be mindful of potential downside anytime.  

MCD Elliott Wave Count: Wave {i} of 5.  

MCD Technical Indicators: Above all averages.

MCD Trading Strategy: Looking for longs on a pullback in wave {ii}.

TradingLounge Analyst: Alessio Barretta

Source: Tradinglounge.com get trial here!

Previous: Meta Platforms Inc.

MCD-4Hr-Stock-Chart-...

 


 

McDonald’s Corp., MCD: 1-hour Chart 22 January 24

McDonald’s Corp., Elliott Wave Technical Analysis 

MCD Stock Market Analysis: Looking for a potential top in wave {i}, which could also be wave 5 as we approach 0.618 5 vs. 1. Ideal target stands at equality of 5 vs. 1. We can start to look for longs if we find support on the 300 and see a CTLP.  

MCD Elliott Wave count:  Wave {i} of 5.  

MCD Technical Indicators: Above all averages.

MCD Trading Strategy: Looking for longs on a pullback in wave {ii}.

MCD-1Hr-Stock-Chart-...

Related

The Procter & Gamble Co. (PG) Stock Analysis: Elliott Wave Forecast Reveals Bullish Trends and Key Resistance Levels at $165

The Procter & Gamble Co. (PG) Stock Analysis: Elliott Wave Forecast Reveals Bullish Trends and Key Resistance Levels at $165

This analysis delves into Procter & Gamble's (PG) stock performance through the lens of Elliott ...

Read More >
Master Elliott Wave Analysis: Latest Trends in Commodities, Bonds, and USD DXY for Informed Trading

Master Elliott Wave Analysis: Latest Trends in Commodities, Bonds, and USD DXY for Informed Trading

Stay updated with our latest analysis on the commodities market, focusing on Elliott Wave trends. Ex...

Read More >
Professional perspectives on ASX Trading Success: CSL Limited (CSL) Stock Analysis & Elliott Wave Technical Forecast

Professional perspectives on ASX Trading Success: CSL Limited (CSL) Stock Analysis & Elliott Wave Technical Forecast

Discover actionable insights for trading CSL Limited (CSL) shares on the Australian Stock Exchange (...

Read More >
THETAUSD Elliott Wave Analysis: Price Prediction, Support & Resistance Levels, and Market Trends Explained

THETAUSD Elliott Wave Analysis: Price Prediction, Support & Resistance Levels, and Market Trends Explained

THETA/USD Elliott Wave analysis provides valuable insights into THETA price movements, trading strat...

Read More >
Adani Green Energy Stocks Elliott Wave Technical Analysis: Understand Potential Bullish and Bearish Scenarios

Adani Green Energy Stocks Elliott Wave Technical Analysis: Understand Potential Bullish and Bearish Scenarios

This article provides a detailed Elliott Wave analysis of ADANI GREEN ENERGY, including its current ...

Read More >
Stay ahead in the cryptocurrency market: Dogecoin Crypto Price News Today Elliott Wave Technical Analysis

Stay ahead in the cryptocurrency market: Dogecoin Crypto Price News Today Elliott Wave Technical Analysis

Explore our in-depth Dogecoin Elliott Wave Analysis, providing accurate price predictions and techni...

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