McDonald’s Corp. (MCD) Elliott Wave Analysis – Daily Chart

MCD Elliott Wave Technical Analysis

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave (3) of 5
• Direction: Upside within wave (3)
• Details:
  • Seeking confirmation of wave (2) bottom after a clear three-wave move.
  • Expecting further upside into wave 1 of (3) to validate wave (3)’s uptrend continuation.

McDonald’s Corp. (MCD) Elliott Wave Analysis – 1-Hour Chart

MCD Elliott Wave Technical Analysis

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave (iv) of {iii}
• Direction: Upside in wave (v)
• Details:
  • Anticipating wave (iv) completion soon.
  • Expecting further upside in wave (v) toward TradingLevel3 at $300.

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.

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.

Technical Analyst: Alessio Barretta

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