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McDonald’s Corp., Elliot Wave Analysis
8/19/2022 11:13 AMGrowth is possible.
On the daily chart, the fifth wave of the higher level (5) develops, within which the third wave 3 of (5) formed, a downward correction ended as the fourth wave 4 of (5) and the fifth wave 5 of (5) develops. Now, the third wave of the lower level iii of 5 is developing, within which the wave (iii) of iii is forming. If the assumption is correct, the asset will grow to the area of 280.00–295.00. In this scenario, critical stop loss level is 248.10.
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