McDonald’s Corp.: wave analysis
18 July 2019, 09:21
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 213.78 |
| Take Profit | 220.00, 225.00 |
| Stop Loss | 207.70 |
| Key Levels | 190.00, 194.83, 206.17, 220.00, 225.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 206.10 |
| Take Profit | 194.83, 190.00 |
| Stop Loss | 209.85 |
| Key Levels | 190.00, 194.83, 206.17, 220.00, 225.00 |
The trend is upward.
On the 4-hour chart, the fifth wave of the higher level 5 of (3) develops, within which the third wave iii of 5 of (3) forms. Now, the third wave of the lower level (iii) of iii is developing, within which the wave v of (iii) is forming. If the assumption is correct, the price will grow to the levels of 220.00–225.00. In this scenario, critical stop loss level is 206.17.
Main scenario
Long positions will become relevant during the correction, above the level of 206.17 with the targets at 220.00–225.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 206.17 will let the price go down to the levels of 194.83–190.00.
On the 4-hour chart, the fifth wave of the higher level 5 of (3) develops, within which the third wave iii of 5 of (3) forms. Now, the third wave of the lower level (iii) of iii is developing, within which the wave v of (iii) is forming. If the assumption is correct, the price will grow to the levels of 220.00–225.00. In this scenario, critical stop loss level is 206.17.
Main scenario
Long positions will become relevant during the correction, above the level of 206.17 with the targets at 220.00–225.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 206.17 will let the price go down to the levels of 194.83–190.00.
No comments:
Write comments