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McDonald’s Corp., Elliot Wave Analysis

11/25/2022 11:02 AM

The possibility of growth remains.

On the daily chart, the development of the fifth wave of the higher level (5) continues, in which wave 1 of (5) was formed and a downward correction ended as the second wave 2 of (5), which took the form of a double three w-x-y. At the moment, the construction of the third wave 3 of (5) has begun, in which the first leading wave of the lower level (i) of i of 3 has already appeared and a local correction (ii) of i of 3 is developing. The issuer's share quotations are predicted to rise to the area of 295.00–314.20. The level of 250.96 is critical and stop-loss for this scenario.

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