* MCD is at its Elliott Waves monthly time frame target in the $132 area.
5 waves completed
Minimum target in the $101 area, then possibly $82.
5 waves completed
- RSI14 is showing bearish divergence.
- MCD is testing the upper band of its rising channel.
- $132 area is corresponding to the 1.5x the height of its previous channel projected on its breakout point in 2008.
Minimum target in the $101 area, then possibly $82.
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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.