McDonalds Sell Possibility

2020년 11월 28일

Hello traders!

Mcdonalds is showing me a couple of different reversal signals after breaking yet failing to break and hold above a key resistance level.

Signal #1: Descending Triangle. I'm watching for a continuation of lower highs and if it breaks below the triangle we will have a new lower low.
Signal #2: It's approaching the 50EMA. I will be mindful to watch for a break at the market open on Monday. This will give me more confidence in the odds of a sell.
Signal #3: Losing momentum on the Money Flow indicator signals bullish weakness.
Signal #4: Price action is beginning to move below a falling VWAP. Breaking above the VWAP will be used as stop loss if I decide to enter.

I am leaning towards a sell back to the support level 210. Patience. I will only enter a sell after the break of the 50EMA for this trade. Let me know what you think below!

*This is not financial advice as I am not a financial advisor. All charts posted are for educational purposes.

2020년 11월 30일

액티브 트레이드

Got in at the open. Going to watch price action.

2020년 12월 2일

매매 수동청산

Price target reached for MCD $$$