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McDonald’s Corp. (MCD) Stocks Elliott Wave Technical Analysis

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MCD Elliott Wave Analysis Trading Lounge Daily Chart,
McDonald’s Corp., (MCD) Daily Chart
MCD Elliott Wave Technical Analysis
MODE: Impulsive
POSITION: Wave 3 of (1).
DIRECTION: Upside in wave 3.  
DETAILS: Looking for a potential bottom in Intermediate wave (C). Looking for a series of ones and twos before accelerating higher in wave three. 
MCD Elliott Wave Analysis Trading Lounge 4Hr Chart,
McDonald’s Corp., (MCD) 4Hr Chart
MCD Elliott Wave Technical Analysis
MODE: Impulsive
POSITION: Wave {iii} of 3.  
DIRECTION: Upside in {iii}.
DETAILS: Looking for an acceleration higher if we are in a third of a third. Volume seems to be suggesting a bullish scenario as well.
This Elliott Wave analysis for McDonald’s Corp. (MCD), explores the current market structure and future potential movements based on Elliott Wave principles. We provide insights from both the daily and 4-hour charts to offer a detailed view of MCD's price action and anticipated trends.
* MCD Elliott Wave Technical Analysis – Daily Chart*
We are looking for a potential bottom in Intermediate wave (C) and a development of a series of smaller waves (ones and twos) before wave 3 accelerates higher. This sequence indicates that wave 3 should exhibit a strong bullish momentum as it progresses. The key area to watch is the base of wave (C), which provides a critical support level for the anticipated upward move in wave 3.
* MCD Elliott Wave Technical Analysis – 4H Chart*
We are expecting further acceleration higher if we are in the third wave of a third wave scenario. This implies strong bullish momentum and volume, which aligns with the wave count and suggests a continuation of the upward trend. Volume analysis supports this bullish outlook, indicating increased buying pressure that typically accompanies third waves, especially in the third wave of the sequence.
Technical Analyst Alessio Barretta
Source : Tradinglounge.com get trial here!
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