Elliott Wave Technical Analysis: McDonald’s Corp.

Elliott Wave Technical Analysis: McDonald’s Corp. – Friday, Jan. 31

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

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (iv) of {iii}

Direction: Upside in wave (v)

Details:

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.SummaryThe 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 BarrettaMore By This Author:Unlocking ASX Trading Success: James Hardie Industries Plc
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