Quick update on Mc Donalds! 
MCD
Because of the price movement this morning, i decided to open a long position in mc donalds.
The wave 4 correction is very likely over and we will start our journey to prices of 250$ or more.
Primary scenario:
In the next days and weeks we will see a solid uptrend, wave 5 should bring us to atleast 250$
From there we will start a short correction, in the long run mc donalds can reach prices up to 300$
Alternative scenario:
My alternative scenario will get triggered if we break the previous low.
The bears will bring mc donalds directly to prices of 190$ or lower.
Long 1#
Entry: 212.22$
Profit target: 250 and more !
Stop-Loss: None - Buy and hold
MCDBecause of the price movement this morning, i decided to open a long position in mc donalds.
The wave 4 correction is very likely over and we will start our journey to prices of 250$ or more.
Primary scenario:
In the next days and weeks we will see a solid uptrend, wave 5 should bring us to atleast 250$
From there we will start a short correction, in the long run mc donalds can reach prices up to 300$
Alternative scenario:
My alternative scenario will get triggered if we break the previous low.
The bears will bring mc donalds directly to prices of 190$ or lower.
Long 1#
Entry: 212.22$
Profit target: 250 and more !
Stop-Loss: None - Buy and hold
Trade active
Position is open like described...
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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.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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.