Elliott Wave Analysis of McDonalds Corp (MCD)

This stock has been a tear recently, but I favor its close to end what Elliotticans call a “3rd of 3rd ” wave. A breather is expected shortly, although any weakness should prove corrective and continue higher. Baring a major move below 135.00 a few more gyrations are expected before a completed impulse wave.

At the top of wave [5], dont outstay your welcome if you are long this stock, a significant reversal can be seen.

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Disclaimer

The content of this website is for educational purposes only, the information supplied shall not be construed as a recommendation to buy or sell any security or financial instrument. Wavepatterntraders will not be held responsible for any losses occurring from the information provided within the website. The information expressed within the website is solely the opinion of the author/owner. Wavepatterntraders are not registered investment advisers. Members are strongly urged to consult an investment consultant before making any financial decisions or investments.

Futures trading in stocks, Forex and commodity markets carries a high level of risk and past results are not indicative of future performance, trading may not be suitable for everyone. Information supplied maybe copied or reproduced with the permission from the owner, providing that the full attribution is given to the original source and have the acknowledgment of wavepatterntraders.com or its owner.

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Elliott Wave Analysis of McDonalds Corp (MCD)

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