MCDONALDS (MCD) On Key Level! Two Scenarios!
Mcdonalds is approaching a key daily resistance level.
on 4h is coiling in a rising wedge pattern and clearly, the market participants are waiting for some trigger.
earnings I suppose!
for now, the price action is weak and we should be prepared for both scenarios.
in case of a bullish violation of the key level, we will see a bullish continuation to 206/217 levels
in case of a bearish breakout of the wedge, we may expect a drop to 170/156!
be prepared for both scenarios and follow the market!
good luck!
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