MCD is trading inside the current BC reaction area on the weekly chart. Structurally, the bullish sequence is still valid as long as buyers defend the correction and prevent deeper acceptance below the active BCs.The important detail is that there is another older BC zone sitting below. That means the current area can attract buyers, but it can also be liquidated first before the cleaner upside leg develops. A sweep into the lower BC would not automatically kill the bullish idea if price rejects and reclaims structure afterward.
Liquidity is the key here. Price is sitting between internal fuel below and external liquidity above, with the higher draw still pointing toward the prior highs and the projected C target zone. If buyers prove themselves with rejection, displacement, or a clean MSS from this region, continuation toward the all-time-high area becomes a valid thesis.
The idea weakens if price accepts below the lower BC zone instead of sweeping and reacting. Until buyers show response, this is a valid long location, not a confirmed expansion leg.
Disclaimer:
This is not financial advice.
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