McDonald's CorporationUpdated MCD - 55 yr EWave Cycle Near Completion
MCD Monthly LOG Chart
This iconic American company's stock is nearing completion of an historic bull cycle.
Very few companies can compare to the consistent return MCD has provided its shareholders.
Am I recommending a short? No... There are much better candidates for that strategy out there.
I'm posting this as an example of a complete Elliot wave cycle with a textbook ending diagonal to finish the run.
A potential harbinger of things to come in the commercial real estate market???
Here is a close up of the ending-diagonal 5th wave
This iconic American company's stock is nearing completion of an historic bull cycle.
Very few companies can compare to the consistent return MCD has provided its shareholders.
Am I recommending a short? No... There are much better candidates for that strategy out there.
I'm posting this as an example of a complete Elliot wave cycle with a textbook ending diagonal to finish the run.
A potential harbinger of things to come in the commercial real estate market???
Here is a close up of the ending-diagonal 5th wave
Note
Getting close....kind of like watching your car odometer flip to 100,000Note
Who needs Quarter Pounders... we have AI.Looks like it's topped.
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.
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.