McDonald’s Corp.: wave analysis
04 September 2018, 09:34
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 162.19 |
| Take Profit | 171.46 |
| Stop Loss | 152.94 |
| Key Levels | 144.34, 152.94, 171.46 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 152.90 |
| Take Profit | 144.34 |
| Stop Loss | 155.80 |
| Key Levels | 144.34, 152.94, 171.46 |
The price is in the correction and can grow.
On the 4-hour chart, the correction of the higher level develops as a fourth wave 4, taking a triangle shape. Locally the wave c of 4 has formed, and the wave d of 4 is developing. If the assumption is correct, the price will grow to the level of 171.46. In this scenario, critical stop loss level is 152.94.
Main scenario
Long positions will become relevant during the correction, above the level of 152.94 with the target at 171.46. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 152.94 will let the price go down to the level of 144.34.
On the 4-hour chart, the correction of the higher level develops as a fourth wave 4, taking a triangle shape. Locally the wave c of 4 has formed, and the wave d of 4 is developing. If the assumption is correct, the price will grow to the level of 171.46. In this scenario, critical stop loss level is 152.94.
Main scenario
Long positions will become relevant during the correction, above the level of 152.94 with the target at 171.46. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 152.94 will let the price go down to the level of 144.34.
No comments:
Write comments