MCD falling wedgeGood loading zone with stop loss, or watch for wedge breakout. March/April $220 calls.
MDO trade ideas
MCD 1H COUNT - BEARISH SCENARIOBearish count for MCD on 1H candles. Look for a break of the support here on the triangle, if we break past the low created with wave D then I will enter a short position, if we find support here and break above the resistance at the top of the triangle then the bullish scenario is in play and i will enter a long. Make sure to check the bullish scenario as well as the bearish and wait for confirmation.
MCD 1H COUNT - BULLISH SCENARIOBullish count for MCD on 1H candles. Looks like it could be done with a triangle wave Y. Make sure to check the bearish scenario before entering. Wait for confirmation of support here on the triangle and a break above the resistance.
V Bottom/Rising WedgeAnd is forming a handle. I should say support but looks like a handle low and the handle appears to be in a rectangle.
I just started playing with the volume profile thingy. This one caught my interest after looking at several stocks using this indicator..I may use it when unsure from now on..just take a peek at it and see where volume is.
This stock was punished severely after breaking the bottom trendline of the bearish rising and narrowing wedge it traveled in for quite sometime.
MCD broke bottom trendline of the rising wedge ..it appears to be recovering/average fall for a stronger stock is 35%/some merely pierce the bottom trendline of the RW and move forward. Some never break down from the RW pattern and some actually break up from it/IE CRM..but the break up is usually not a healthy one and does not hold long term.
And RWs can be very long term patterns.
RWs are usually bearish and usually have a lack of sufficient pull backs causing an inbalance in supply and demand. Rising wedges are formed due to irrational exuberance and can cause havoc when bottom trendline is broken..or price may make a quick drop out and resume it's uptrend. Or it may not drop out (This does not happen often from what I have seen)
I have noticed a lot of RWs since the mkt caught the flu.
I have also noticed a stock in a RW may beat earnings , yet go down anyway. This is one I would consider, am watching, to buy before long entry level and closer to the support of the handle low. That is a No NO, this I know..lol..but I do not think McDonalds is going anywhere so I may break one of my trading rules. I may be sorry. Ti,e will tell and I have not done it yet! LOL
MCD is also trading in a small Gartley which puts D at 206ish..but has been to D, and did not go below this time around. D held
Little green triangles are pivot lows..
NV and OBV are high
Just an observation
MCD Going long with a nice h&sInverse head and shoulders pattern forming on the weekly for MCD, Looking to buy shares today on this dip. Next target $230. but it can get to $250.
MCD possible longMcDonald's ran 86% from March lows and has been down-trending since early October forming a nice base in the 205-220 price range. We broke the downtrend on Friday with a slightly below-average volume. I would like to see a break of the 217.56 area along with a successful retest before taking a long position. I drew two possible long scenarios I see playing out, would like to see more volume come in as well. This looks to be your standard continuation pattern fueling our next leg up. Risk/reward is great with strong support in the 209-212 range, best of luck trading!
MCD - EW analysis - 5th wave after correction MCD - It was broken up the triangle, but still the impulse is not there. Wait for impulse up to confirm the 5th wave up cycle. Once it confirmed, buy the pull back with stop level below 208.30 for target above 235 or higher level.
Give thumbs up if you really like the trade idea.
McDonald’s Attempts a BreakoutMcDonald’s has trended lower since late October, but now may be attempting a breakout.
This chart shows the declining trendline in place since October 23 and the 50-day simple moving average (SMA). MCD pushed above both -- for the first time since the recent slide began.
Next, the recent low on January 4 was higher than the December low. This has created a potential inverse head-and-shoulders pattern.
Fundamentally, the hamburger chain has been adapting the new normal with major digital upgrades. It tried to rally after results beat estimates on November 9, but couldn’t overcome the bearish momentum at the time. (That’s also when coronavirus cases were starting to climb again.) However, MACD has turned positive since then.
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Traditional|MCD|Long and shortLong and short MCD
Activation of the transaction only when the blue zone is fixed/broken.
Working out the local support and resistance levels of the triangle.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone (S-SL short stop, L-SL long stop).
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
MCD - EW analysis - 5th wave - need confirmation before trade MCD - It is in Y wave triangle of 4th wave correction and expected to go higher in 5th wave. But need confirmatory triangle break out and impulse up as reference before taking any entry for buy set up.
Give thumbs up if you really like the trade idea.
McD Short Term Idea (Jan 4th 2021 through Apr 2021)McDonald's (January 4th 2021 through April 2021)
Assuming a bullish path:
Low: $201
High: $230-244 (or more)
Assuming a bearish path:
Low: $186
High: $220
Long term idea attached here:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
McD Long Term Idea (Jan 2021 through Jan 2023)McDonald's (January 4th 2021 through January 2023)
Assuming a bullish path:
Low: $190-$201
High: $252 (at the very least)
Assuming a bearish path:
Low: $124
High: $220
Trying to do some more long term forecasts just for practice! This could definitely be very wrong so don't take my word for anything!
Related idea is a shorter term forecast below:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Weekly Outlook(patterns to watch)$QQQ $EA $MCD $CMCSA $GLD $LAZRHere, I go over a few patterns I am looking at for the coming week, It looks like we have a few good set ups to start us off for the new year!
MCDtriangle breakout out of the channel. Failure to break above last week high might bring it lower to complete C wave
MCDIts at weekly support with some testing. So this ones interesting to me as well on daily and 240 min pull backs into those targets up there
MCDO CORP LONG with POTENTIAL +5% RETURN and MORE Nice potential for MCDO CORP with the price showing support at $214.
I am expecting A LONG POSITION with a first target at $227 = +5% and holding the position for more RETURNS.
Buy Signal: 215.05Stop: 205.00
Model range play back toward highs.
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