McDonald’s Corp.Stocks Elliott Wave Technical Analysis - Friday, June 28
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 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.
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MCD Elliott Wave Analysis Trading Lounge 4Hr Chart,
McDonald’s Corp., (MCD) 4Hr Chart
MCD Elliott Wave Technical Analysis
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.
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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.
* 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 – 4H 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.
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