I think the stock market might be in a bubble?
I am just using this MCD chart as an example of the state of the overall stock market.
Anything above this 4.618 fib extension should be a good sell. Not too sure how this will play out, but I do know that charts that look like this end up getting rocked at some point. Question is when?..well i think this last...
MCD is approaching its support at 167.49 (100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially rise to its resistance at 179.53.
Stochastic (55, 5, 3) is approaching support as well.
MCD is approaching support at 176.71 (61.8% Fibonacci extension, 61.8% Fiboancci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 185.15.
Stochastic (89, 5, 3) is also approaching support where a corresponding bounce could occur.
Hey everyone, this is my first post and im still fairly new (2-3 months in) but heres my two cents.
As you can see, mcdonalds is quite a slow mover, however; I also believe that because of the apparent double top/ shoulder forming, we could potentially see a peak as high as the area I have shadowed (at best case for bulls, a third retest of the resistance to...
the price stops in the support of the 61,8 golden pocket
rsi with bullish divergence close to oversold but up to 30000
histogram bullish divergence
macd crossing upwards
mi target is 184.20-80 in the 61,8 aswell .
te entrance and target pointed with a pink arrow
cuña ascendente con ruptura en la parte superior. señal de compra
MCD approaching support at 178.88 (100% Fibonacci extension, 50% Fiboancci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 185.08.
Stochastic (55, 5, 3) is also approaching support where a corresponding bounce could occur.
Heading there to get lunch this second, just looking at charts and this looks like it is at or very near a top.
Monthly chart with an idea of what could happen.
Monthly Divergence, even a pull back to the top at $150ish is a good gain when leverged.
Symbol: AUDCAD
Prediction : Short
Daily : The trend change, with an Head and Shoulders at the top, now we test the resistance.
4H: The price pullback to 61.8%, the price reject this level, and give a bearish pattern.
1H: I think it's the time for the price to go down now, the price is on this channel, when it will break it will have space to fall .
MCD stock is very popular with the retail trading groups. The footprint of the retail trader systems trading the stock is very obvious on this chart. The candlestick patterns are all indecisive, there are no strong easy runs in either direction, and lots of wicks and tails, which is where retail brokers are reaping huge profits. Overall, it is a very messy looking...
Market is down on this half day and doing some bargain shopping of quality stocks. Aiming to take it back up to retest the high for Q1 2019 with March single Calls. NYSE:MCD
Symbol: $MCD
Prediction : Short
Daily : The price break the last lower low, with a bearish run, it breaks the trendline, now it's time for a pullback.
4H: The price breaks the EMA 50, it start to consolidate on a support.
1H: I wait a pullback to come near the 61.8% zone and the last support which is now a resistance.
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NYSE:MCD
