McDonald's Corporation
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MCD produces ending diagonal to terminate 2020 advance

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McDonald’s (MCD) appears to be in the late stages of a long-term Elliott Wave advance, with the final 5th (5) wave nearing exhaustion inside a rising wedge pattern. Momentum divergences and the neckline support around $285 highlight growing risk of a breakdown. If the wedge fails, a corrective phase could unfold, targeting the 210–240 region where prior 4th wave support lies. Until then, upside is capped near $330–340, making the risk-reward skewed toward caution at current levels.

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