MCD.US D1 Our expectations:
Technical analysis: Long trend and mid-term short correction. The price has reached a key support zone. This gives a good opportunity to enter by the trend with a good risk/reward ratio.
The price holds above 38.2% Fibonacci.
Price under 50SMA. Test of 200SMA, the price holds above.
DeMarker in neutral territory.
Alternative scenario: A confirmed breakthrough 70 would mean a deeper correction.
Trader Georgi Bozhidarov