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$.

(Click on image to enlarge)

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$.

(Click on image to enlarge)

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.

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