A lower degree abc is completed which is the B wave of a higher degree ABC. After the completion of the ABC corrective structure we expect the next impulse up. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
Considering it is my first Trading View post, I'd like to start by saying that I'm an experienced (5+ years) Options Trader purely based on Technical Analysis. I'll give my analysis on the price movement of a stock followed by a trade alert. Now as this is fairly for educational purposes, if you do decide to take a trade, it is your responsibility to manage your...
Bearish count for MCD on 1H candles. Look for a break of the support here on the triangle, if we break past the low created with wave D then I will enter a short position, if we find support here and break above the resistance at the top of the triangle then the bullish scenario is in play and i will enter a long. Make sure to check the bullish scenario as well as...
Bullish count for MCD on 1H candles. Looks like it could be done with a triangle wave Y. Make sure to check the bearish scenario before entering. Wait for confirmation of support here on the triangle and a break above the resistance.
And is forming a handle. I should say support but looks like a handle low and the handle appears to be in a rectangle.
I just started playing with the volume profile thingy. This one caught my interest after looking at several stocks using this indicator..I may use it when unsure from now on..just take a peek at it and see where volume is.
This stock was...
McDonald's ran 86% from March lows and has been down-trending since early October forming a nice base in the 205-220 price range. We broke the downtrend on Friday with a slightly below-average volume. I would like to see a break of the 217.56 area along with a successful retest before taking a long position. I drew two possible long scenarios I see playing out,...
MCD - It was broken up the triangle, but still the impulse is not there. Wait for impulse up to confirm the 5th wave up cycle. Once it confirmed, buy the pull back with stop level below 208.30 for target above 235 or higher level.
Give thumbs up if you really like the trade idea.
McDonald’s has trended lower since late October, but now may be attempting a breakout.
This chart shows the declining trendline in place since October 23 and the 50-day simple moving average (SMA). MCD pushed above both -- for the first time since the recent slide began.
Next, the recent low on January 4 was higher than the December low. This has created a...
Long and short MCD
Activation of the transaction only when the blue zone is fixed/broken.
Working out the local support and resistance levels of the triangle.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones...
MCD - It is in Y wave triangle of 4th wave correction and expected to go higher in 5th wave. But need confirmatory triangle break out and impulse up as reference before taking any entry for buy set up.
Give thumbs up if you really like the trade idea.
McDonald's (January 4th 2021 through April 2021)
Assuming a bullish path:
Low: $201
High: $230-244 (or more)
Assuming a bearish path:
Low: $186
High: $220
Long term idea attached here:
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...
