McDonald’s Corp., (MCD) Daily Chart.
MCD Elliott Wave technical analysis
Function: Trend
Mode: Impulsive
Structure: Motive
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 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 – Four-hour 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.
Function: Trend
Mode: Impulsive
Structure: Motive
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.
McDonald’s Corp. (MCD) Elliott Wave technical analysis [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks
AUD/USD stands firm near 0.6350 after Australian trade data
AUD/USD holds higher ground near 0.6350 early Thursday, sitting at weekly highs after stronger-than-expected Australian Trade Balance data for January. Further, the pair capitalizes on sustained US Dollar weakness on Trump's tariffs-led US economic concerns and dovish Fed expectations.
USD/JPY bounces back toward 149.50 on firmer US Treasury yields
USD/JPY catches fresh bids and bounces toward 149.50 in Thursday's Asian trading. The pair draws support from rising US Treasury bond yields, which cushion the US Dollar downside. However, BoJ rate hike bets could limit the pair's upside amid lingering global trade war fears.
Gold price looks to all-time highs at $2,956, awaiting US Nonfarm Payrolls
Gold price is sitting at one-week highs near $2,930 early Thursday, consolidating a three-day recovery while aiming for a retest of lifetime highs of $2,956 ahead of mid-tier US economic data releases.
Ethereum holds $2,200 support despite Pectra's issues on Sepolia testnet
Ethereum is up on Wednesday after developers fixed issues with the Pectra upgrade's deployment on the Sepolia testnet. The top altcoin aims to hold the $2,200 support level amid negative sentiments from Pectra's failure on testnets.
Why AAVE is rallying even as Bitcoin, Ethereum, XRP lag
Aave (AAVE), the native token of the Aave lending protocol, is rallying on Wednesday as the crypto market recovers from Monday’s bloodbath. Bitcoin (BTC), Ethereum (ETH), and XRP note small gains on the day as traders maintain a risk-averse stance in crypto, grappling with volatility concerns this week ahead of the White House Crypto Summit on Friday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.