The price could decline.

On the daily chart, the ascending third wave of a higher degree 3 has formed, and a correction as the fourth wave 4 is developing, within which the first wave (A) of 4 is completing. Currently, the fifth wave of a lower degree 5 of (A) has finished, and if the assumption is correct, after the completion of the correction as the second wave (B) of 4, McDonald’s Corp. shares will fall to the area of 213.60–184.00. The critical stop loss level for this scenario is 287.72.