MCD Elliott Wave Analysis Trading Lounge Daily Chart, 29 January 24
McDonald’s Corp.,(MCD) Daily Chart
MCD Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulse
STRUCTURE: Wave (c) of {ii}
POSITION: Minute(Blue) wave {ii}
DIRECTION: Higher degree Minor wave 5.
DETAILS: Looking for further upside into wave 5, knowing we could already have topped, which is why we are waiting for upside confirmation.
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MCD Elliott Wave Analysis Trading Lounge 4Hr Chart, 29 January 24
McDonald’s Corp.,(MCD) 4Hr Chart
MCD Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulse
STRUCTURE: Wave v of (c).
POSITION: Sub minuette wave v of (c).
DIRECTION: Higher degree wave {ii}.
DETAILS: We need to break north of the green line with a break of previous wave (b) top. A break south of the red line would invalidate the count and would suggest we have a wave 5 in place.
