Taking a look @ MCD price history on the 1WK time frame, labels show a potential pattern correlation of long term uptrends, where the EMA21 level acts as a major support at least 1x before the uptrend reverses. Doesn't mean that it's 100% going to happen again but historically patterns do have a tendency to repeat themselves, and the current price action is just coming out of that critical EMA21 support area. Worth noting, since the idea further supports current trade set up from previous MCD post, but more importantly, this will be great to use as a reference during post-trade review.
*Side note/Q4 goals update.
My Q4 focus is to build & reinforce a really strong foundation/core of my trading profile, using the fundamentals that are absolutely critical to long term success as a trader. Everyone has their own strategies, but If you are taking the time to read trade ideas like this then I'm sure you can relate to how important research and studying are when aspiring to become a trader at the professional level. Everyone says they want to be a trader, but it seems like very few are actually willing put in the hard work required to get there. This is an insanely complex occupation to pursue, but at the same time such an incredible opportunity as a career choice. I look forward to re-reading quarterly updates like this 1 year, 5 years, 10 years, etc from now & measuring the progress. I see so many great ideas flowing through the tradingview feed on a daily basis, and every trading experience just helps refine and improve trading efficiency. Big thanks to those that contribute quality content on a regular basis. Just happy & grateful to be a part of it all.
Wishing everyone the best of luck in Q4, see you in the green at New Years
*Side note/Q4 goals update.
My Q4 focus is to build & reinforce a really strong foundation/core of my trading profile, using the fundamentals that are absolutely critical to long term success as a trader. Everyone has their own strategies, but If you are taking the time to read trade ideas like this then I'm sure you can relate to how important research and studying are when aspiring to become a trader at the professional level. Everyone says they want to be a trader, but it seems like very few are actually willing put in the hard work required to get there. This is an insanely complex occupation to pursue, but at the same time such an incredible opportunity as a career choice. I look forward to re-reading quarterly updates like this 1 year, 5 years, 10 years, etc from now & measuring the progress. I see so many great ideas flowing through the tradingview feed on a daily basis, and every trading experience just helps refine and improve trading efficiency. Big thanks to those that contribute quality content on a regular basis. Just happy & grateful to be a part of it all.
Wishing everyone the best of luck in Q4, see you in the green at New Years