Both trendlines are sloping up and narrowing at the apex which = a rising wedge.
This pattern is not valid until the bottom trendline is broken.
Rising wedges can break up but in the long run they break down and are considered a bearish pattern.
Rising wedges interrupt supply and demand and represent too much supply.
Several spinning tops up there representing...
Story time…
One of the greatest success stories of all time, is with the company which is based on the glorious golden arches we still see today.
Mc Donalds…
It all started in 1940 where, two brothers, Maurice and Richard “Dick” Mc Donald’s made a small fortune selling hamburgers in San Bernardino, California…
They took a product and an idea and turned it...
Hello dear friend,
Did you trade the picks i showed you last week?
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If your answer is no then watch the video i made on my previous post
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There you will see me demonstrate this simple strategy for beginner traders
of the stock market
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remember this strategy can only be used in the New York Stock Exchange
and Dow Jones Stock Exchange
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Also you can...
As the market leader in the fast food industry, McDonalds enjoys global brand recognition.
It is a slow but steady gainer pays consistent dividends and always has buyers when a seller
lets some shares go at a reasonable price.
On the weekly chart over five years MCD is now at the all time high and weathered the
COVID era and recent market gyrations quite...
First of all allow me to say thank you
to my mentor Matthew Kratter for teaching me This strategy
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It was in 2018 when i got his book from amazon kindle
called "Rocket Stocks"
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This is where i was first exposed to this strategy
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Do you Remember How To Trade This Strategy?
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Lets get into it with 5 Steps:
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#1 - Weekly "Gap" On The Last Day Being...
Falling Wedge has formed on Mc Ds
The price broke up showing strong upside.
7>21>200 - Bullish
RSI >50 = Bullish - Higher lows
Target $289.50
SMC:
Sell Side Liquidity was swept at the very strong support. Once this happened, Smart Money bought into the orders pushing it up.
Now it's clearly showing strong upside to come.
- MCD has broken through the ceiling of a falling trend channel in the medium long term.
- The price has broken through the ceiling at 272 of a rectangle pattern.
- A decisive break will signal a further rise to 286 or more.
- There is no resistance in the price chart and further rise is indicated.
- In case of a negative reaction, the stock has support at...
McDonald’s is seldom an exiting stock. That’s been especially true lately, but now the hamburger giant could be breaking out.
The first pattern on today’s chart is the long descending channel that started in November after MCD broke out to new highs. Notice how prices failed to make a lower low on March 13 and made a higher high today. That may suggest the...
-One of the most promising companies and the largest chain of restaurants in the world (fast food), can it go through corrections?
-If the answer is yes, that means we really could have such a "recession" soon.
-Based on SETUP and graphical analysis, there are some indications that we may have sharper corrections in the asset.
-I believe that long-term...
#Mcdonald's - M30
📣 The high price of the compression pattern fluctuates. By conquering the peak of 168.00, there is an expectation of price growth up to the range of 272.00.
SL: 264.00
In my opinion, this is one of the best sales deals on the current market.
In the monthly chart, this stock has a 5-wave trend, which is currently the end of wave 3 and we are at the starting point of wave 4. This wave will be in the form of A B C and it will be a big and rapid wave. The reason for its rapidity is the end of a 5-wave in the weekly time frame...
On the daily chart, MCD is trading within a descending channel extending since October of the year 2022 and also trading on both sides of the crucial EMA-50, and around the swing level at $267.98 (Fibonacci level 78.6%). The breach above the previous two lines usually leads MCD towards testing the top of the descending channel, as well as retesting the support...
Meta Platforms, Inc. (symbol ‘META’ made a full recovery of the losses incurred in the fourth quarter of 2022 and is currently in a bullish momentum. The company’s earnings report for the fiscal quarter ending December 2022 is set to be released on Wednesday 1st of February, after market close. The consensus EPS for Q4 is $2,21 compared to Q4 2021’s $3,67.
...
I'm bullish on MCD. IMO it can go up to $275.
My trade levels are as follows:
Entry level: $265.05
Take profit: $275.63
Stop loss: $262.68
Risk/reward: 4.46
NYSE seems to have had bad open liquidity issues.
apparently large algo may have tried to sell at the open.
from twitter:
@ConsensusGurus
"The largest dislocations from this morning's NYSE Flash Crash 2.0 - Multiple $100BN+ swings."
@MFHoz
The NYSE was hit by a "technical glitch" today, causing a trading halt for some of the most well-known global companies....
![MCD: Why You Might Want To Buy This Stock In 5 Steps [Watch This]](https://s3.tradingview.com/l/LfHcmWm0_mid.png "Why You Might Want To Buy This Stock In 5 Steps [Watch This]")
