MCD might be looking for a 3th wave

16 de nov. de 2021

I chose to go with a 1-2-1-2 as I believe it's the pattern that suits it more, either of the 1 waves look impulse whereas 2 look choppy and sideways (Flats). MACD broke both trendlines giving us a strong bullish signal and on RSI seems that might try to break it's trendline. The late move upwards seems to have an internal 5 waves and the correction already made 3 moves to the downside followed by a really strong move to the upside again, we could assume that correction is over and we are going up again, breaking the previous high would be a confirmation.