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TECH Sell 21.06.2024 08:28

McDonald’s Corp.: wave analysis

The price is in a correction and a fall is possible.

On the weekly chart, the third wave of the higher level 3 ended, and a downward correction started as the fourth wave 4. Now, the wave (А) of 4 is developing, within which the first wave of the lower level 1 of (А) has formed, and a local correction is developing as the second wave 2 of (A). If the assumption is correct, after the correction the price of the asset will fall to the area of 230.00–190.32. In this scenario, critical stop loss level is 281.90.

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Indicators

MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait

Market sentiment

100% sell
0% buy