MCD
price is pretty far above the 34 and 50 day EMA and between the 1.272 and 1.414 fib extensions (blue boxes). That's where we've recently seen price movement become exhausted and reverse. I'm looking for areas in the green box (
272
-284) for entries on a pullback.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
