MCD short opportunity
Not financial advice.
When price reaches $290.32, i expect to see a strong rejection. Price could reject to one of three levels
$286
$283.63
or $273.26
Nothing is guaranteed, but I've posted further analysis on the chart for those interested. This is all on a daily timeframe, so act accordingly.
It should be noted that i am not looking to see
MCD create a lower low and initiate a change of structure, this is simply an accumulation type move following the previous higher low.
When price reaches $290.32, i expect to see a strong rejection. Price could reject to one of three levels
$286
$283.63
or $273.26
Nothing is guaranteed, but I've posted further analysis on the chart for those interested. This is all on a daily timeframe, so act accordingly.
It should be noted that i am not looking to see
MCD create a lower low and initiate a change of structure, this is simply an accumulation type move following the previous higher low.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.