V Cup and Handle Earnings in am BMOSmall gap below price
MCD just fell from a bearish and narrowing rising wedge..it appears to be recovering/average fall for a stronger stock is 35%/some merely pierce the bottom trendline of the RW and move forward. Some never break down from the RW pattern and some actually break up from it/IE CRM
But I would not touch CRM with a ten foot pole unless there is a significant pull back. CRM broke up from the wedge but is possibly trading in a bearish pattern now/A Bearish AB=CD pattern//but just possibly
But this is not about CRM (o:
And RWs can be very long term patterns
RWs are usually bearish and usually have a lack of sufficient pull backs causing an inbalance in supply and demand
I have noticed a lot of RWs since the mkt caught the flu.
I have also noticed a stock in a RW may beat earnings, yet go down anyway. MCD has already pulled back from this bearish wedge
Whether the fall is complete remains to be seen
NV and OBV are high
Just an observation
Trade ideas
McDrop? (Nov 13th 2020 - Jan 26th 2021)McDonald's (MCD) (November 13th 2020 through January 26th 2021)
Low: $177
High: $218
Just my idea of a potential downside to happen over the following months.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
McDonald's (MCD) : BUY at $205 - Elliot WaveMcDonald's (MCD) seems like be forming its 5th wave, with SP500 looks like going to correct a bit to $3400 ish, I do expect a little dip of MCD to $203 - $207 level at 0.382 retracement level from its 3rd wave. When MCD dropped to $205 ish, it could be a good buying opportunity. However, keep an eye on SP500 and other major market news, US election has not officially "finished" yet since the Trump administration might take some actions later this year. Overall, with the short-term positive market momentum and MCD's good trend with beating the earnings, it could be going up after a small correction to $250 ish.
MCD Happy Veterans Day to 4th of July target $260I would like to honor all of our brave veterans today. Truly, thank you for your service! What’s more American than a burger and fries? This 4 year trend channel & a pattern to last July, points to a target price of $260 by July 4th 2021 imo. The other thing is COVID should be in check by then, which is good news for all restaurants. Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends...
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PLUG Earnings Move Bull Bear CaseMCD is going to report earnings on Nov 09, 2020 Before Market Open
The options market overestimated MCD stocks earnings move 75% of the time in the last 12 quarters.
This historical data could give us an edge.
Predicted Average Earnings Move: ±3.2%
Actual Average Earnings Move: 2.3%
One can infer MCD stock price will fall within the predicted range.
Note: A potential catalyst such as recent news could take MCD outside the range. In this event, the catalyst would be considered significant. And identified as an outlier.
Closed: 216.56
Predicted ±$6.92 ( ±3.2% )
upside = $223.49
downside = $209.63
Actual ±$4.980 ( ± 2.3% )
upside = $221.54
downside = $211.58
Thanks for reviewing my idea and constructive criticism is welcome.
MCD Earnings MoveMCD is going to report earnings on Nov 09, 2020 Before Market Open
The options market overestimated MCD stocks earnings move 75% of the time in the last 12 quarters.
This historical data could give us an edge.
Predicted Average Earnings Move: ±3.2%
Actual Average Earnings Move: 2.3%
One can infer MCD stock price will fall within the predicted range.
Note: A potential catalyst such as recent news could take MCD outside the range. In this event, the catalyst would be considered significant. And identified as an outlier.
Closed: 216.56
Predicted ±$6.92 ( ±3.2% )
upside = $223.49
downside = $209.63
Actual ±$4.980 ( ± 2.3% )
upside = $221.54
downside = $211.58
Thanks for reviewing my idea and constructive criticism is welcome.
MCD To $230 After EarningsEarnings is a risky time to trade options. Today I was looking for my next stock to trade options with and I saw a great buy opportunity for MCD with various technical indicators I use. I wasn't disappointed seeing myself up 5% and the potential to go up much higher. However, after I bought the position and the market closed I realized MCD is reporting earnings. Has anyone else ever made that mistake? Or intentionally? Either way I did some digging on the internet and found a report that offered technical evidence that is accurate 70% of the time that MCD is predicted to beat earnings. Beating earnings is one thing, but a good conference call is another.
I am excited to see that they have a 70% chance at beating earnings, and my personal belief is that a conference call should not have too negative of an impact unless something really looks wrong for the outlook of McDonalds but that seems highly unlikely.
So with a predicted earnings beat, and uneventful conference call. I put in a trend line that outlines McDonalds potential high for Monday 11/9. The trend like peaks at $228 while I believe it could go even higher and hit $230.
I could be completely wrong and McDonalds could miss earnings and the opposite could happen, or we wouldn't see that high of price movement. But the odds of an earnings beat are in my favor and I will share my profit or loss on Monday. So make sure to follow!
What do you think will happen? If you agree leave a like! If you have additional detail or disagree please leave a comment! Thanks!
"MCD Long" Bullish will this be able to push back to $221.93+NYSE:MCD Will be watching to see if this can break the range and reclaim 213.40 area and hold with a nice base for conformation for a move back towards that 218.35 which my play as some resistance but once and if it givess a clean break then I feel that 221.93 area will be in the cards and that will be a nice conformation of the sort term trend reversal. One must understand that the over all market will also be key to this because the more of a spike in covid-19 the more difficult this swing will be .
Daily Shooting Star Reversal Candlestick Pattern Just FormedMCD forming daily bearish divergence on all the indicators i have on my chart along with having a daily shooting star reversal candle and is currently below the contracting channel I have plotted; I think this has atleast a decent amount to go down from here.
Cup and HandleNV is very high and short interest is very low
Cup and handle patterns are only valid over long entry level
MCD broke from an ascending triangle at 201.80ish
Chart is bullish other than a possible bearish rising wedge.
RWs are often very long term patterns and only valid if price breaks bottom trendline
Some stocks merely dip a candle wick down through trendline and off they go again
Some can fall quite a ways
All patterns have the potential for failure
Not a recommendation
$MCD$MCD Idea
- Decent supports at 216 & 218
- Bounced off 200 D on 15Min
- 3x Bounce off trendline in late september
- MACD crossing on the 15Min & also on its way to crossing on 30Min
Entry points: 216-220
If 216 is reached would need to see QUICK & STRONG bounce
218 is probably optimal entry if 216 bounce does not occur, but would still need to see solid bounce off that level or 200D Moving Average
PTs: 222, 223.7, 226.7 (ATH)
Levels: I see resistance at 221 but doesn't seem as strong as the 222 levels. If 222 is crossed, look for 223.7. If momentum is kept we have another resistance which seems lighter at 225 before trying to extend and/or break ATH levels at 226.7
Like I said, 218 is optimal because you will at least get to see what kind of momentum is building. I built a "wedge", so these can easily go either way.
So here is the plan if you see momentum dropping and the stock begin selling off:
- Moving Averages will begin to cross underneath the 200D
- 15Min MACD will head back towards red side to negative
- 218 will be broken, followed by a closer look at 216 levels
- IF 216 were to break, you'll be playing with bottom trend line.
- Beyond that is 214, and another trend line that I have placed in a longer time frame. (211-211.5)
PTs on short would be 214, 211, 209.5 or lower.
Trade at your own risk, I didn't hit your buy/sell button.






















