Fib retracement should give us a good idea of the first PT, anything above that and we print big time
Playing out ascending triangle. Rejected at upper trend line . Support is $233.80. If that fails we can retest the bottom trend line. Support - $233.80 Bad case - $230 Entry - $230 -231 (if it gets there) Stop loss - $227 PT 1 - $240 PT 2 - $244 PT 3 - $248 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart...
MCD's has consolidated nicely right along its recent all time high set months ago at $231.91 and is doing so off of consecutive higher highs and higher lows on significant time frames. On the monthly, we also see that McDonalds is putting in a bullish engulfing candle. There are still a few weeks left in the month, but with the price already being in blue sky...
Fibonacci analysis can sometimes reveal trends that were possibly hidden, by charting these channels and retracements we can visualize possible setups which we can adjust as we observe market movements and price action. If the corrective wave occurs, it may provide for a nice long setup in autumn. Nobody trades in summer, enjoy the sun(few exceptions). ...
10 DTE May 21, 27% ROI Potential downward channel with slope translation from the selling highs. Almost into an aggressive buying and demand zone in the 5m timeframe not seen on the hourly chart. 4h trend is up, 1h trend is sideways caught between 1h supply and demand zones, just as I like it. It's a wide 2.5 strike width, but position size reduced. This morning...
The PEAD projected a Bullish outlook for $MCD after a Positive Under reaction following its earnings release placing the stock in drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
BUY: ENTRY: 235.10 USD TARGET: 260.00 USD (+10%) STOP: 221.50 USD 1.) The former downward trend (Oct.2020 - Mar.2021) was ended by a strong upward movement, which broke through the resistance level at 230 USD. Technically speaking, this means an upward movement continuation. 2.) The business of the world's largest fast food group has recovered. The reason for...
Trade recap, if you guys are not aware of opening price guarantee on tws, interactive brokers please research it pls, Live trading is limit to 3 right now, thank you for interest (dm's for waiting list ) @PETEYboy @Francescaliwag @USA_Capital_Funds
Based on Technical Analysis, there are a lot of opportunities that will make sure that the share price of the company declines. no more bullish movement for the company, up until the tagerted price level its hit. This means that the share price of Mc donald is expected to drop till the market hits the take profit. this will be taken into consideration in making...
I get the same end game for McD's crash target price, same year as the SPY target hit, why is the bottom targeted 2025? who knows, all I know I discovered the secrets of the stock market that might get the FED and SEC tracking me down and forcefully make me delete all these posts and my social media, I might be the lucky millionaire to successfully short the...
This is your monthly forecast for MCD's, my pattern was unique observed a strange presences of a market fall, but this could be a massive correction before an actual stock market crash that my belief will start 2022 after the massive market correction rebound, but the odds of that happen is very little, it just a belief. Other than that, its a forecast, like any...
I do not like the rising wedge. Rising wedges are not valid until bottom trendline is broken. Rising wedges are usually bearish and interrupt supply and demand. Both trendlines slope up and then converge at the apex. In the long run, rising wedges are a terminal pattern. Support within the wedge can catch the fall. There is support up high in the wedge...
Trade idea on $MCD. Ended today with huge pop putting over its daily resistance. Could see this price itself it before earnings.
MCD has been caught up in the market tides but looks to be quite overvalued. Hitting this trendline from the fall, we're seeing this perfect channel that proves a great MCD short. WIth RSI and Stochastics pointing down, and given the current market volatility, I'm eyeing May puts for a short term swing!
MCD approaching Supply zone. I'll be monitoring to see if it does not break the zone and rejects it. Target is the yellow line.