MCDONALDS $MCD | MCDONALDS RANGE BEFORE EARNINGS - Apr. 15, 2024

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MCDONALDS | MCDONALDS RANGE BEFORE EARNINGS - Apr. 15, 2024

BUY/LONG ZONE (GREEN): $270.00 - $276.50
DO NOT TRADE/DNT ZONE (WHITE): $266.00 - $270.00
SELL/SHORT ZONE (RED): $259.00 - $266.00

Weekly: Bearish
Daily: Bearish
4H: Bearish

I wanted to create a post for the initial bullish trend breakdown and the first range, but decided to wait until we got closer to the earnings release. The earnings report for is on Apr 30th and I am looking to take advantage of volatile price movement, either up or down. Bulls should seek a breakout above level 270.00 and bears should seek a breakdown below level 266.00. Previous trends, structure, momentum, and ranges are all labeled.

This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!

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註釋

This is how the post should look, tradingview is messing up the charts when I go to publish it.

Daily/4H View: