TARGET Reached with MC Donalds at $289.50

Falling Wedge formed on MC Ds. The reason it's a Falling Wedge, is because it lasted for a few months.

Then the price broke up and within a few weeks, headed straight to the first take profit at $289.50.

Now the price is still showing strong Bullish bias. And we need to wait for the market to consolidate and form the next pattern.
I'll let you know!

In the meantime here are some super interesting facts about Mc Donalds because I'm bored and I loved the movie "The Founder"

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McDonald's was founded in 1940 in San Bernardino, California by Richard and Maurice McDonald as a barbecue restaurant.

The first McDonald's franchise was opened in 1955 by Ray Kroc in Des Plaines, Illinois.

The iconic Golden Arches logo was introduced in 1962, replacing the previous Speedee character.

The Big Mac was first introduced in 1968 and quickly became one of the chain's most popular items.

McDonald's is the world's largest restaurant chain, with over 38,000 locations in more than 100 countries.

McDonald's is the world's largest toy distributor, with Happy Meal toys being a popular item for kids.

The Filet-O-Fish sandwich was created in 1962 to cater to Catholic customers who abstain from meat on Fridays during Lent.

McDonald's has its own university, Hamburger University, which trains managers and executives for the company.

The Big Mac Index, created by The Economist, uses the cost of a Big Mac in different countries to compare the relative purchasing power of different currencies.