MCDONALDS Corporation is way more complexe than a simply bad burger, but 50 years of growth with just a decent correction 18 years ago are the parcour of an indestructible panzer. But time change and also the panzer become old.
This correction looks different than the small one of 2012 and 2017.
The sink was rapid and there was to much precipitation to put the price higher again and now there is a little ascending wedge who is forming after the last ATH. This means that MCD will sink a little bit more.
MACD formed a similar pattern than in 1999. This opened 19 years ago to 4 years of bear. Moreover MACD found actual support on a unbreakable level. MACD never went under this level and if MACD break this level could be the begin of the end.
If it would happen MCDonalds will go to retest EMA 300.
If it break EMA 300 it will open to a loooong correction. Why
In this picture the reason
BIO
This correction looks different than the small one of 2012 and 2017.
The sink was rapid and there was to much precipitation to put the price higher again and now there is a little ascending wedge who is forming after the last ATH. This means that MCD will sink a little bit more.
MACD formed a similar pattern than in 1999. This opened 19 years ago to 4 years of bear. Moreover MACD found actual support on a unbreakable level. MACD never went under this level and if MACD break this level could be the begin of the end.
If it would happen MCDonalds will go to retest EMA 300.
If it break EMA 300 it will open to a loooong correction. Why
In this picture the reason
BIO