McDonald’s Corp.: wave analysis
08 September 2017, 08:55
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 159.80 |
| Take Profit | 165.00, 170.00 |
| Stop Loss | 158.05 |
| Key Levels | 153.12, 157.90, 165.00, 170.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 157.80 |
| Take Profit | 153.12 |
| Stop Loss | 159.35 |
| Key Levels | 153.12, 157.90, 165.00, 170.00 |
The price can grow.
The upward momentum within the third wave 3 of the higher level is developing. Locally the fifth wave of the lower level v of 3, within which the third wave (iii) of v is developing, is forming. If the assumption is correct, the price will grow to the levels of 165.00–170.00. The level of 157.90 is critical for this scenario.
Main scenario
Long positions can be opened during the correction, above the level of 157.90 with the targets at 165.00–170.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 157.90 will let the price go down to the level of 153.12.
The upward momentum within the third wave 3 of the higher level is developing. Locally the fifth wave of the lower level v of 3, within which the third wave (iii) of v is developing, is forming. If the assumption is correct, the price will grow to the levels of 165.00–170.00. The level of 157.90 is critical for this scenario.
Main scenario
Long positions can be opened during the correction, above the level of 157.90 with the targets at 165.00–170.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 157.90 will let the price go down to the level of 153.12.
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