MCD short opportunity
Not financial advice.
When price reaches $290.32, i expect to see a strong rejection. Price could reject to one of three levels
$286
$283.63
or $273.26
Nothing is guaranteed, but I've posted further analysis on the chart for those interested. This is all on a daily timeframe, so act accordingly.
It should be noted that i am not looking to see
MCD create a lower low and initiate a change of structure, this is simply an accumulation type move following the previous higher low.
When price reaches $290.32, i expect to see a strong rejection. Price could reject to one of three levels
$286
$283.63
or $273.26
Nothing is guaranteed, but I've posted further analysis on the chart for those interested. This is all on a daily timeframe, so act accordingly.
It should be noted that i am not looking to see
MCD create a lower low and initiate a change of structure, this is simply an accumulation type move following the previous higher low.Disclaimer
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