MCDONALDS $MCD | MCDONALDS RANGE BEFORE EARNINGS - Apr. 15, 2024

MCDONALDS MCD | MCDONALDS RANGE BEFORE EARNINGS - Apr. 15, 2024

BUY/LONG ZONE (GREEN): $270.00 - $276.50
DO NOT TRADE/DNT ZONE (WHITE): $266.00 - $270.00
SELL/SHORT ZONE (RED): $259.00 - $266.00

Weekly: Bearish
Daily: Bearish
4H: Bearish

I wanted to create a post for the initial bullish trend breakdown and the first range, but decided to wait until we got closer to the earnings release. The earnings report for MCD is on Apr 30th and I am looking to take advantage of volatile price movement, either up or down. Bulls should seek a breakout above level 270.00 and bears should seek a breakdown below level 266.00. Previous trends, structure, momentum, and ranges are all labeled.

This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!

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Comment:

This is how the post should look, tradingview is messing up the charts when I go to publish it.

Daily/4H View:

Trade closed: target reached:

I will be closing my trades here, I'm happy with where price ended up @276.24. :)

1H View:

Trade closed: target reached:

I closed my trades early but price has officially hit the top of the bullish zone.

1H View: