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

FUNCTION: Trend 

MODE: Impulsive  

STRUCTURE: Motive 

POSITION: Wave {iii} of 1.  

DIRECTION: Upside into wave 1.  

DETAILS: Looking for a five wave move completion within wave 1 as we are now approaching TradingLevel3 at 300$.

 

MCD Elliott Wave Analysis Trading Lounge 1H Chart,

McDonald’s Corp., (MCD) 1H Chart 

MCD Elliott Wave Technical Analysis

FUNCTION: Trend 

MODE: Impulsive  

STRUCTURE: Motive 

POSITION: Wave i of (v).  

DIRECTION: Looking for upside into wave (v). 

DETAILS: Looking for upside into wave (v) as we seem to have a flat in wave (iv) and we found support on top of the end of Minor Group 2 at 280$.

In this Elliott Wave analysis of McDonald’s Corp. (MCD), we assess its current price action and wave structure using Elliott Wave Theory to help identify trading opportunities. Both the daily and 1-hour charts are examined to provide a comprehensive outlook for traders. 

* MCD Elliott Wave Technical Analysis – Daily Chart* 

In the daily chart, McDonald's is showing a clear impulsive trend, currently progressing within Wave {iii} of 1. This suggests the stock is in the midst of a strong upside move. As the price approaches the critical level at $300, known as TradingLevel3 (TL3), we are looking for the completion of a five-wave move within this initial wave 1. 

* MCD Elliott Wave Technical Analysis – 1H Chart* 

On the 1-hour chart, MCD appears to be progressing within Wave i of (v), signaling that we are likely entering the final leg of the current impulsive sequence. The recent Wave (iv) formed a flat corrective structure, and the stock found key support around $280, which corresponds to the end of MinorGroup2.

Technical Analyst : Alessio Barretta

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