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RizeSenpai
Aug 31, 2023 3:49 PM

McDonald's Corp: Bearish Deep Crab with Double PPO Confirmation Short

McDonald's CorporationNYSE

Description

We have a Bearish Deep Crab with a PPO Confirmation Arrow and a Circle with MACD Bearish Divergence and have broken below the faster moving EMAs. I would next expect this to make at least a 61.8% Retrace, which would take it back to about $185.

This makes the third major Dow 30 Stock that has signalled something ultra bearish like this; the other two being UNH and MSFT, which can be seen below:




We are likely looking at a major correction coming to the Dow Jones Industrial Average very soon.
Comments
AlloysK
Impressed. So far, so good. Thanks for sharing
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