MCDONALDS $MCD | MCDONALDS RANGE BEFORE EARNINGS - Apr. 15, 2024
Updated
MCDONALDS 
MCD | MCDONALDS RANGE BEFORE EARNINGS - Apr. 15, 2024
BUY/LONG ZONE (GREEN): $270.00 - $276.50
DO NOT TRADE/DNT ZONE (WHITE): $266.00 - $270.00
SELL/SHORT ZONE (RED): $259.00 - $266.00
Weekly: Bearish
Daily: Bearish
4H: Bearish
I wanted to create a post for the initial bullish trend breakdown and the first range, but decided to wait until we got closer to the earnings release. The earnings report forMCD is on Apr 30th and I am looking to take advantage of volatile price movement, either up or down. Bulls should seek a breakout above level 270.00 and bears should seek a breakdown below level 266.00. Previous trends, structure, momentum, and ranges are all labeled.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, mcdonalds, mcd, mcdonaldsstock mcdstock, mcdonaldslong, mcdlong, mcdonaldsshort, mcdshort, mcdcall, mcdput, mcdonaldstrend, mcdonaldstrade, mcdonaldsidea, mcdonaldsearnings, earningsreport, earningsrelease, mcdonaldsprice, mcdonaldsrange, mcdonaldschart, mcdonaldspatterns,
MCD | MCDONALDS RANGE BEFORE EARNINGS - Apr. 15, 2024BUY/LONG ZONE (GREEN): $270.00 - $276.50
DO NOT TRADE/DNT ZONE (WHITE): $266.00 - $270.00
SELL/SHORT ZONE (RED): $259.00 - $266.00
Weekly: Bearish
Daily: Bearish
4H: Bearish
I wanted to create a post for the initial bullish trend breakdown and the first range, but decided to wait until we got closer to the earnings release. The earnings report for
MCD is on Apr 30th and I am looking to take advantage of volatile price movement, either up or down. Bulls should seek a breakout above level 270.00 and bears should seek a breakdown below level 266.00. Previous trends, structure, momentum, and ranges are all labeled.This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, mcdonalds, mcd, mcdonaldsstock mcdstock, mcdonaldslong, mcdlong, mcdonaldsshort, mcdshort, mcdcall, mcdput, mcdonaldstrend, mcdonaldstrade, mcdonaldsidea, mcdonaldsearnings, earningsreport, earningsrelease, mcdonaldsprice, mcdonaldsrange, mcdonaldschart, mcdonaldspatterns,
Comment
This is how the post should look, tradingview is messing up the charts when I go to publish it.Daily/4H View:
Trade closed: target reached
I will be closing my trades here, I'm happy with where price ended up @276.24. :)1H View:
Trade closed: target reached
I closed my trades early but price has officially hit the top of the bullish zone.1H View:
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/zEq4TgJFKe
discord.gg/zEq4TgJFKe
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.