McDonald’s (MCD) Strategy
CLIFF NOTES: MCD has been stalled at 100 since early 2012. that’s a long time .. we either have some high level consolidation getting ready to explode or some distribution. Here’s what I see … I see a PRICE and TIME pattern completing so my bias is a corrective move. If you look at the below, you’ll see a potential game plan. Note – the TIME of the 2 was rather long and thus far we have not had a correction to balance that from a time perspective so this prolonged move up I am going to put at 3 … sure looks like a beautiful expanding flat coming together so the next move after either 1) a triple top or 2) a 3 drives to a top pattern “should” be down but, one that should be BOUGHT for news highs to be seen. Will be watching an updating.