Looks like we are seeing a little bit of a reversal on NYSE:MCD. Elliot impulse waves seem to have run through their cycle and are now looking for corrective waves.
Let me know what you think!
MCD will either bounce off of the 50 sma and regain the 10 ema, or it will finally be time to sell after a nice looooong uptrend. I guess all good things must come to pass; but will it be tomorrow?
MCD McDonald's has just completed printing a true Bearish Harami two candle pattern. True Harami's are explained in linked diagram below. The body of the second, inner candle needs to be no bigger than 25% the size of the preceding candle, in which case this one qualifies. A true large bullish candle at the top of an uptrend, followed by a 75% smaller bodied...
On 9 august the price reached a point of 221.93 euros. Is this point the end of the impulse wave? Also around 221.93 is a minor resistance zone. This impulse wave started at the of august in 2015. If I’m right the impulse wave is correct if you would compare it to the Elliot Wave principle. We hope to see that corrective wave A will retrace 38.2%. Then we hope...
When i post real time setups... follow the rules.. NO TRIGGER NO TRADE
8/34 EMA CROSS OVER ON THE 30 MIN(swing trades) =trigger.. OFF THE ZONE
STOPS GO BELOW THE ZONE (fib cluster)
Today we will Use Elliott Wave Theory as a method to bring extra information to the chart, remember that this is a tool that must be combined with other trading analysis methods, and the final objective is to bring a clear framework for decision making. We will give a Real example on MC DONALDS chart, Elliot Wave Theory was developed by Ralph Nelson Elliott by...
McDonald's has been having a great run, with price rarely selling off even during economic cycles and turmoil. Now in a channel with confirmed levels. Over the past year price made it 35.57% up with all time high at $222. Creates great options to trade when the price tests the low side of the channel. Long trade with a good risk-reward or wait for the potential...
MCD bullish run is still strong and it may continue to extend to 323.6% of the Extension level.
Piercing line and bullish flag formation is the confirmation.
McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants. The Company's restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company's segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate. The U.S. segment focuses on offering a platform for authentic ingredients that allows customers to customize their sandwiches. Its High Growth Markets segment includes its operations in markets, such as China, Italy, Korea, Poland, Russia, Spain, Switzerland, the Netherlands and related markets. The International Lead markets segment includes the Company's operations in various markets, such as Australia, Canada, France, Germany, the United Kingdom and related markets. The Foundational markets and Corporate segment is engaged in operating restaurants and increasing convenience to customers, including through drive-thru and delivery.
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MCD
