17.03.2022
#MCD
The trend is descendant. The share is fluctuating between 365 and 135 moving averages. The mirror level 237.90 restrains buyers. Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the descendant wave structure forms, where the wave (A) breaches the inclined channel of the ascendant structure.
Stop-loss is beyond the local maximum of the ascendant structure.
Target levels: 222.00; 218.00.
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