MCD Elliott Wave Analysis for McDonald’s Corp.
This Elliott Wave analysis for McDonald’s Corp. (MCD) examines the current market structure and future potential movements using Elliott Wave principles. We provide insights from both the daily and 4-hour charts to offer a comprehensive view of MCD's price action and anticipated trends.
MCD Elliott Wave Analysis Trading Lounge Daily Chart
McDonald’s Corp., (MCD) Daily Chart Analysis
MCD Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave 3 of (1)
Direction: Upside in wave 3
Details: We are looking for a potential bottom in Intermediate wave (C). Expecting a series of ones and twos before accelerating higher in wave three.
McDonald's stock forecast
We anticipate a potential bottom in Intermediate wave (C) and the development of a series of smaller waves (ones and twos) before wave 3 accelerates higher. This sequence suggests that wave 3 will show strong bullish momentum as it progresses. The critical area to monitor is the base of wave (C), providing crucial support for the anticipated upward movement in wave 3.
MCD Elliott Wave Analysis Trading Lounge 4-Hour Chart
McDonald’s Corp., (MCD) 4-Hour Chart Analysis
MCD Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave {iii} of 3
Direction: Upside in {iii}
Details: We are looking for acceleration higher if we are in the third of a third. Volume appears to support a bullish scenario.
MCD Elliott Wave Technical Analysis
We expect further acceleration higher if we are in the third wave of a third wave scenario. This implies strong bullish momentum and volume, aligning with the wave count and suggesting a continuation of the upward trend. Volume analysis supports this bullish outlook, indicating increased buying pressure typically accompanying third waves, especially in the third wave of the sequence.
Technical Analyst: Alessio Barretta
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