Waiting for pull back to Long MCD uptrend. There are higher targets and more upside potential, but I would like to wait for a decent pull back later after 161.xx or 212.xx
Elliott wave + Fibonacci 1-2-3-4-5 already done. Now need go to A-B-C
MCD is in quite bad shape, fundamentally speaking, and it's in a steady weekly downtrend. There's a currently active weekly signal, that aims for 99.10, in the long term, but it's also about to report earnings for Q3, so it'd be better to wait for the new Key Earnings Level to form, to enter the short side. Any rally here is a sell, due to the valuation and...
MCD having problem in the China & Europe, Strath thinks it will break down to 95 shortly. In the technical side MCD seems forming a head & shoulder formation You can check our detailed analysis on MCD in the trading room/ Executive summary link here- www.screencast.com Time Span: 18:00" Trade Status: Pending
We have quite the H&S confirmation signal here with the weekly close below the weekly 50/60 ema aswell as the neckline. Obvious short play and should be an easy 3.3% Stop is protected behind daily 200/250 ema + fib retrace. If price pulls back into the week for a retest of daily resistance I may add to the position.
Centerline reached at major support. Going Long with deep ITM Options DTE_107 P!
I am just now learning how to use the Fibonacci theory and need some help. I am very interested in buying MCD and am trying to find a good entry point. I have heard somewhere that reversal usually happens when the 127.2% mark is crossed on the way down. Can someone confirm that this is accurate or correct me if I am wrong. Thanks!
$MCD ascending broadening wedge on daily w/ gap open below. Expecting move to fill gap to 105s.
Pay attention to 124$, a resistance zone that was broken after a huge weekly False Break. Price is below the Fast SMA line (bearish confirmation signal) and unless Brexit will deliver a strong rally, I expect MCD to continue lower Tomer, The MarketZone.net Follow me on TradingView Follow my blog - goo.gl Subscribe to my mailing lists - goo.gl
We continue to watch the MCD , videm another GAP , which must cease
If Macydy breaks the light green support line, guess what? Free fall zone till $30ish area and possible strong bounce. Or the next support zone would be the dark green support line. Red line is a possible resistance line but it may change as the month goes by. www.wsj.com
So Gap blocked , and should now be in the notebook Edit and reshape the new GAP