McDonald’s Corp.(MCD:NYSE) Elliott Wave Technical Analysis 25 January 24

McDonald’s Corp., Elliott Wave Technical Analysis

McDonald’s Corp., (MCD:NYSE): 4h Chart, 25 January 24

MCD Stock Market Analysis: In the previous McDonald’s update we were looking for further upside into Minor wave 5. As of today, as we are trading at ATH, we could either had a short wave 5 and have topped at 300$, or else we are making a wave {ii} of 5 to then continue higher.

MCD Elliott Wave Count: Wave {ii} of 5.

MCD Technical Indicators: Above all averages.

MCD Trading Strategy: Looking for longs after a break of (b) of {ii}.

TradingLounge Analyst: Alessio Barretta

McDonald’s Corp., MCD: 1-hour Chart, 25 January 24

McDonald’s Corp., Elliott Wave Technical Analysis MCD Stock Market Analysis: Here a closer look at the possibility of having a three wave move in wave {ii}. We would need to look for downside in wave (c) and then a CTLP on top of 300$. We are aware that we are trading at ATHs, however if we manage to see a CTL pattern we will have some level of safety.

MCD Elliott Wave count: Wave (c) of {ii}.

MCD Technical Indicators: Above all averages.

MCD Trading Strategy: Looking for longs after a break of (b) of {ii}.

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Comments

SullivanRrr
01-26
SullivanRrr
👏 Fantastic analysis! Love it!
0billionaire
01-26
0billionaire
Interesting analysis!

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As of today, as we are trading at ATH, we could either had a short wave 5 and have topped at 300$, or else we are making a wave {ii} of 5 to then continue higher. &nbsp;</p><p><strong>MCD Elliott Wave Count</strong>: Wave {ii} of 5. &nbsp;</p><p><strong>MCD Technical Indicators:</strong> Above all averages. &nbsp;</p><p><strong>MCD Trading Strategy: </strong>Looking for longs after a break of (b) of {ii}.</p><p><strong>TradingLounge Analyst: Alessio Barretta</strong></p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9830c3deccf12e51b9c646a32e5e5e69\" tg-width=\"1020\" tg-height=\"545\"></p><p></p><p></p><p></p><p><strong>McDonald’s Corp., MCD:</strong> 1-hour Chart, 25 January 24</p><p><strong>McDonald’s Corp., Elliott Wave Technical Analysis</strong> <strong>MCD Stock Market Analysis:</strong> Here a closer look at the possibility of having a three wave move in wave {ii}. We would need to look for downside in wave (c) and then a CTLP on top of 300$. We are aware that we are trading at ATHs, however if we manage to see a CTL pattern we will have some level of safety. &nbsp;</p><p><strong>MCD Elliott Wave count</strong>: &nbsp;Wave (c) of {ii}. &nbsp;</p><p><strong>MCD Technical Indicators</strong>: Above all averages. &nbsp;</p><p><strong>MCD Trading Strategy: </strong>Looking for longs after a break of (b) of {ii}.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/efeda7596181708412254b4b769440af\" tg-width=\"1020\" tg-height=\"545\"></p><p></p></body></html>","htmlText":"<html><head></head><body><p><strong>McDonald’s Corp., Elliott Wave Technical Analysis</strong></p><p><strong>McDonald’s Corp., &nbsp;(MCD:NYSE)</strong>: 4h Chart, 25 January 24</p><p><strong>MCD Stock Market Analysis</strong>: In the previous McDonald’s update we were looking for further upside into Minor wave 5. As of today, as we are trading at ATH, we could either had a short wave 5 and have topped at 300$, or else we are making a wave {ii} of 5 to then continue higher. &nbsp;</p><p><strong>MCD Elliott Wave Count</strong>: Wave {ii} of 5. &nbsp;</p><p><strong>MCD Technical Indicators:</strong> Above all averages. &nbsp;</p><p><strong>MCD Trading Strategy: </strong>Looking for longs after a break of (b) of {ii}.</p><p><strong>TradingLounge Analyst: Alessio Barretta</strong></p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9830c3deccf12e51b9c646a32e5e5e69\" tg-width=\"1020\" tg-height=\"545\"></p><p></p><p></p><p></p><p><strong>McDonald’s Corp., MCD:</strong> 1-hour Chart, 25 January 24</p><p><strong>McDonald’s Corp., Elliott Wave Technical Analysis</strong> <strong>MCD Stock Market Analysis:</strong> Here a closer look at the possibility of having a three wave move in wave {ii}. We would need to look for downside in wave (c) and then a CTLP on top of 300$. We are aware that we are trading at ATHs, however if we manage to see a CTL pattern we will have some level of safety. &nbsp;</p><p><strong>MCD Elliott Wave count</strong>: &nbsp;Wave (c) of {ii}. &nbsp;</p><p><strong>MCD Technical Indicators</strong>: Above all averages. &nbsp;</p><p><strong>MCD Trading Strategy: </strong>Looking for longs after a break of (b) of {ii}.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/efeda7596181708412254b4b769440af\" tg-width=\"1020\" tg-height=\"545\"></p><p></p></body></html>","text":"McDonald’s Corp., Elliott Wave Technical Analysis McDonald’s Corp., (MCD:NYSE): 4h Chart, 25 January 24 MCD Stock Market Analysis: In the previous McDonald’s update we were looking for further upside into Minor wave 5. As of today, as we are trading at ATH, we could either had a short wave 5 and have topped at 300$, or else we are making a wave {ii} of 5 to then continue higher. MCD Elliott Wave Count: Wave {ii} of 5. MCD Technical Indicators: Above all averages. MCD Trading Strategy: Looking for longs after a break of (b) of {ii}. TradingLounge Analyst: Alessio Barretta McDonald’s Corp., MCD: 1-hour Chart, 25 January 24 McDonald’s Corp., Elliott Wave Technical Analysis MCD Stock Market Analysis: Here a closer look at the possibility of having a three wave move in wave {ii}. We would need to look for downside in wave (c) and then a CTLP on top of 300$. We are aware that we are trading at ATHs, however if we manage to see a CTL pattern we will have some level of safety. MCD Elliott Wave count: Wave (c) of {ii}. MCD Technical Indicators: Above all averages. 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