MCD Multi-timeframe analysis indicates strong momentum on to the upside giving a higher probability that a trend reversal could be in play. On the daily, we see short term bullish price action confirmed by volume (denoted by the highlighted circle.https://www.tradingview.com/x/FXTxOUNl/ These charts in combination allows us to initiate a trade to the long side.
Trade active
MCD reported Q1 results. Despite the price volatility, indicator is relatively unmoved so the trade is still active
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.