TECH Buy 10.05.2024 08:56
McDonald’s Corp.: wave analysis
Growth is possible.
On the daily chart, the third wave of the higher level 3 forms, within which the wave (5) of 3 develops. Now, the fifth wave of the lower level 5 of (5) is forming, within which the wave i of 5 has ended, and a local correction has formed as the wave ii of 5. If the assumption is correct, the asset will grow within the wave iii of 5 to the area of 315.00–330.00. In this scenario, critical stop loss level is 258.55.
Indicators
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Wait