McDonald’s shares initially saw a modest decline, but recent quotes indicate renewed attempts to soon establish the high of magenta wave . Once this phase concludes, we anticipate a moderate pullback as wave [ii] unfolds, followed by wave [iii] gaining enough momentum to push price above the $326.32 resistance level. However, if support at $283.47 is decisively breached, our alternative scenario will come into play. We currently assign a 37% probability to this outcome, in which the stock would likely move toward a new low of green wave alt.[4].
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.