Jump to content

McDonald’s Corp.(MCD) Elliott Wave Technical Analysis 13 March 24


Recommended Posts

MCD Elliott Wave Analysis Trading Lounge Daily Chart, 13 March 24

McDonald’s Corp., (MCD) Daily Chart

MCD Elliott Wave Technical Analysis

FUNCTION: Counter Trend

MODE: Corrective  

STRUCTURE: Flat

POSITION: Wave (2) of 3.  

DIRECTION: Downside into wave C of (2).  

DETAILS: After breaking ATH at 300$, we’ve seen a pullback which appears to be bullish corrective. We are therefore looking for continuation higher once the pullback is complete.

 

4871c4b33d4f93b6f71fd2363770ab45

 

 

 

MCD Elliott Wave Analysis Trading Lounge 4Hr Chart, 13 March 24

McDonald’s Corp., (MCD) 4Hr Chart

MCD Elliott Wave Technical Analysis

FUNCTION: Counter Trend

MODE: Corrective  

STRUCTURE: Flat

POSITION: Wave C of (2).

DIRECTION: Wave {iii} of C.  

DETAILS: Looking for downside into wave {iii} as we need complete wave C. We could also see a sideways wave B before resuming lower.

 

ab91c1422bdbaa51851b32a173623a01

 

 

 

Welcome to our MCD Elliott Wave Analysis Trading Lounge, your trusted destination for in-depth insights into McDonald’s Corp. (MCD) using Elliott Wave Technical Analysis. Let's delve into the market dynamics as of the Daily Chart on 13 March 24.

* XOM Elliott Wave Technical Analysis – Daily Chart*

In our analysis, we identify a counter trend function characterized by corrective mode and a flat structure. Positioned in Wave (2) of 3, our attention is on the downside movement into wave C of (2). Despite breaking the all-time high (ATH) at $300, we've witnessed a pullback that appears to be part of a bullish corrective pattern. Consequently, we anticipate a continuation higher once the pullback completes its course.

*XOM Elliott Wave Technical Analysis – 4Hr Chart*

Here, we also observe a counter trend function marked by corrective mode and a flat structure. Positioned in Wave C of (2), our focus is on wave {iii} of C, anticipating downside movement to complete wave C. Additionally, we may see a sideways wave B before the downward trajectory resumes.

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • This content is based on my personal opinion and not a financial advise for readers hence ensure you DYOR before investing. Resources: https://www.odaily.news/en/newsflash/380143 No doubt memecoin has seen tremendous adoption over the last 6 with more capital inflowing into the memecoin sector. The artificial intelligence sector and RWA sector is another sector that looks promising but the crazy gains recorded from memecoin in the first quarter of the year might have been the reason for investors to shift their focus to memecoin.  With BTC only managing 48% gain since the beginning of 2024, tokens like WIF, PEPE and floki surged by 1300%, 815% and 392% respectively. Among the top 10 tokens, BGB the native token of Bitget was the only exchange token to find it's way up returning 100% to investors in 6 months. While the second half of the year hold a lot of promise due to anticipation of BTC post halving bullrun, a lot of investors are looking to invest in a tokens with decent ROI potential and memecoin looks the best option to many. Not disputing the crazy gains that might comes with investing in memecoin, the risk of losing it all is also higher especially investing in new memecoins. Considering the continuous growth, expansion and ecosystem development of Bitget, BGB holds a great potential with minimal risk compared to memecoin. Additionally, the entry point is still very great for both new and old investors. What sectors do you think will lead in the bullrun proper? Will memecoin still lead the year or will AI, Gaming, RWA pull a surprise. Share your thoughts.
    • Yeah! I think I would have to agree with you on this as I have benefited a lot from the event this recent times & I have plans of leveraging the event for a long time.
    • Join the BYDFi Demo Trade Profit Posting and grab your chance to share in a 10,000 USDT prize pool!  Show off your trading skills, post your profits, and let's see who comes out on top! Don't miss out on this chance to win big! 🎉
×
×
  • Create New...
us