Because of the price movement this morning, i decided to open a long position in mc donalds. The wave 4 correction is very likely over and we will start our journey to prices of 250$ or more.
Primary scenario: In the next days and weeks we will see a solid uptrend, wave 5 should bring us to atleast 250$ From there we will start a short correction, in the long run mc donalds can reach prices up to 300$
Alternative scenario: My alternative scenario will get triggered if we break the previous low. The bears will bring mc donalds directly to prices of 190$ or lower.
Long 1# Entry: 212.22$ Profit target: 250 and more ! Stop-Loss: None - Buy and hold