McDonald’s Corp.: wave analysis
18 December 2018, 11:00
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 180.79 |
| Take Profit | 176.12, 172.65 |
| Stop Loss | 185.30 |
| Key Levels | 172.65, 176.12, 186.70, 195.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 186.75 |
| Take Profit | 195.00 |
| Stop Loss | 184.00 |
| Key Levels | 172.65, 176.12, 186.70, 195.00 |
The price of the asset is in the correction; the probability of decline
remains.
On the H4 chart, the development of the fifth wave 5 as part of the third senior level (3) continues. Locally, it seems that the third wave of the junior level iii of 5 has been formed, and the correction iv of 5 is being formed, within the framework of which the development of wave (c) of iv has begun. If the assumption is true, the decline will continue to the levels of 176.12–172.65. The critical level for this scenario is 186.70.
Main scenario
Short positions will become relevant below the level of 186.70 with target in the range of 176.12–172.65. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 186.70 will allow the shares to rise to the level of 195.00.
On the H4 chart, the development of the fifth wave 5 as part of the third senior level (3) continues. Locally, it seems that the third wave of the junior level iii of 5 has been formed, and the correction iv of 5 is being formed, within the framework of which the development of wave (c) of iv has begun. If the assumption is true, the decline will continue to the levels of 176.12–172.65. The critical level for this scenario is 186.70.
Main scenario
Short positions will become relevant below the level of 186.70 with target in the range of 176.12–172.65. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 186.70 will allow the shares to rise to the level of 195.00.
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