MCD A.K.A. MCDonald's | THE IMPULSE WAVE IS DONE!
On 9 august the price reached a point of 221.93 euros. Is this point the end of the impulse wave? Also around 221.93 is a minor resistance zone. This impulse wave started at the of august in 2015. If I’m right the impulse wave is correct if you would compare it to the Elliot Wave principle. We hope to see that corrective wave A will retrace 38.2%. Then we hope wave B will go back to the 23.6% level. Finally we hope to see that wave C will go to the 50% level!
Now, will the price fall to 204.21, 193.25 or 184.39 with the corrective wave?
Sell: 210.97
T/P 1: 204.21
T/P 2: 193.25
T/P 3: 184.39
S/L: 221.93
PS: I’m only 14 y/o and this is one of my first trend analysis that I publish. Is something is not clear for you or if you have some tips for me, feel free to let me know!
Now, will the price fall to 204.21, 193.25 or 184.39 with the corrective wave?
Sell: 210.97
T/P 1: 204.21
T/P 2: 193.25
T/P 3: 184.39
S/L: 221.93
PS: I’m only 14 y/o and this is one of my first trend analysis that I publish. Is something is not clear for you or if you have some tips for me, feel free to let me know!