Possible EW pattern in MCD. Looking for MCD to reach a wave 5 target around 228.
MGM has been consolidating since their latest earnings run with declining volume. Looking for this to breakout above $24.
$TGT has been consolidating since earnings gap-up. Looking for breakout to all time highs.
Trying to apply Elliott Wave Theory here. Looks like we may of just hit wave 3, consolidate future wave 4 around 270s, with wave 5 ending around 300s PT.
I've been learning Elliott Wave theory the past couple months, and am trying to apply. First target around 14.50s, pullback to 12.00s, final target of 18.00s. Notice the high percent short interest on this stock...possible catalyst? What do you think?