McDonald\u2019s Corp., (MCD) Daily Chart.<\/p>\n
Function<\/strong>: Trend<\/p>\n Mode<\/strong>: Impulsive<\/p>\n Structure<\/strong>: Motive<\/p>\n Position<\/strong>: Wave 3 of (1).<\/p>\n Direction<\/strong>: Upside in wave 3. \u00a0<\/p>\n Details<\/strong>: Looking for a\u00a0potential bottom in Intermediate wave (C). Looking for a series of ones\u00a0and twos before accelerating\u00a0higher in wave three.\u00a0<\/p>\n We are looking for a potential bottom in Intermediate wave (C) and a development of a series of\u00a0smaller waves (ones and twos) before wave 3 accelerates higher. This sequence indicates that wave\u00a03 should exhibit a strong bullish momentum as it progresses. The key area to watch is the base of\u00a0wave (C), which provides a critical support level for the anticipated upward move in wave 3.<\/p>\n <\/a><\/p>\n We are expecting further acceleration higher if we are in the third wave of a third wave\u00a0scenario. This implies strong bullish momentum and volume, which aligns with the\u00a0wave count and suggests a continuation of the upward trend. Volume analysis supports\u00a0this bullish outlook<\/a>, indicating increased buying pressure that typically accompanies\u00a0third waves,\u00a0especially in the third wave of the sequence.<\/p>\n Function<\/strong>: Trend<\/p>\n Mode<\/strong>: Impulsive<\/p>\n Structure<\/strong>: Motive<\/p>\n Position<\/strong>: Wave {iii} of 3. \u00a0<\/p>\n Direction<\/strong>: Upside in {iii}.<\/p>\n Details<\/strong>: Looking for an acceleration higher if we are in a third of a third. Volume seems to be\u00a0suggesting a bullish scenario as well.<\/p>\nMCD Elliott Wave technical analysis \u2013 Daily chart<\/h3>\n
MCD Elliott Wave technical analysis \u2013 Four-hour chart<\/h3>\n
![\"MCD\"](\"https:\/\/editorial.fxstreet.com\/miscelaneous\/MCD-638551591374377117.png\")
<\/a><\/p>\n