TECH Buy 26.04.2024 08:58
McDonald’s Corp.: wave analysis
Growth is possible.
On the daily chart, the third wave of the higher level 3 develops, within which the wave (5) of 3 forms. Now, the fifth wave of the lower level 5 of (5) is developing, within which the wave i of 5 has formed, a local correction has ended as the wave ii of 5, and the wave iii of 5 has started. If the assumption is correct, the asset will grow to the area of 315.00–330.00. In this scenario, critical stop loss level is 264.70.
Indicators
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Sell
Overall recommendation Sell