MCD Elliott Wave technical analysis
- Function: Trend.
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Mode: Impulsive.
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Structure: Motive.
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Position: Wave (3) of 5.
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Direction: Upside within wave (3).
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Details:
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Seeking confirmation of wave (2) bottom after a clear three-wave move.
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Expecting further upside into wave 1 of (3) to validate wave (3)’s uptrend continuation.
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McDonald’s Corp. (MCD) Elliott Wave analysis – Daily chart
MCD Elliott Wave technical analysis
- Function: Trend.
-
Mode: Impulsive.
-
Structure: Motive.
-
Position: Wave (iv) of {iii}.
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Direction: Upside in wave (v).
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Details:
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Anticipating wave (iv) completion soon.
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Expecting further upside in wave (v) toward TradingLevel3 at $300.
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This Elliott Wave Analysis of McDonald's Corp. (MCD) provides insights based on both the daily and 1-hour charts, helping traders understand market trends and price forecasts.
McDonald’s Corp. (MCD) Elliott Wave analysis – One-hour chart
Summary
The analysis outlines key trends across multiple equities, indicating both corrective and impulsive movements. The S&P 500 stocks examined here exhibit a mix of trend continuations and corrections, providing trading opportunities across different phases of the Elliott Wave Cycle.
McDonald’s Corp. (MCD) Elliott Wave technical analysis [Video]
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