Mc Donalds showing strong upside with a Falling Wedge - SMC

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McDonald's Corporation (NYSE:MCD)

NYSE:MCD McDonald's Corporation

trendanalysis chartpattern fundamental mcdonalds mcdonaldssignal smartmoneyconcepts smartmoney smc ict chartpatternstrading

Falling Wedge has formed on Mc Ds
The price broke up showing strong upside.
7>21>200 - Bullish
RSI >50 = Bullish - Higher lows
Target $289.50

SMC:
Sell Side Liquidity was swept at the very strong support. Once this happened, Smart Money bought into the orders pushing it up.
Now it's clearly showing strong upside to come.

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Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)