McDonald’s Corp.: wave analysis
24 January 2019, 08:25
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 186.05 |
| Take Profit | 195.00, 200.00 |
| Stop Loss | 178.90 |
| Key Levels | 161.97, 168.78, 178.90, 195.00, 200.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 178.85 |
| Take Profit | 168.78, 161.97 |
| Stop Loss | 182.20 |
| Key Levels | 161.97, 168.78, 178.90, 195.00, 200.00 |
The trend is upward.
On the 4-hour chart, the third wave of the higher level (3) develops. Locally the development of the fifth wave of the lower level v of 5 of (3) has begun, within which the wave (iii) of v is developing. If the assumption is correct, the price will grow to the levels of 195.00–200.00. In this scenario, critical stop loss level is 178.90.
Main scenario
Long positions will become relevant during the correction, above the level of 178.90 with the targets at 195.00–200.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 178.90 will let the price go down to the levels of 168.78–161.97.
On the 4-hour chart, the third wave of the higher level (3) develops. Locally the development of the fifth wave of the lower level v of 5 of (3) has begun, within which the wave (iii) of v is developing. If the assumption is correct, the price will grow to the levels of 195.00–200.00. In this scenario, critical stop loss level is 178.90.
Main scenario
Long positions will become relevant during the correction, above the level of 178.90 with the targets at 195.00–200.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 178.90 will let the price go down to the levels of 168.78–161.97.
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