MCD: ⬇️ Sell
– MCD reversed from major resistance level 325.00
– Likely to fall to support level 316.00
MCD recently reversed from the resistance zone between the multi-month resistance level 325.00 (former yearly high from the start of 2025) and the upper daily Bollinger Band.
The downward reversal from this resistance zone stopped the previous impulse waves 3 and (3).
Given the strength of the resistance level 325.00 and the bearish divergence on the weekly Stochastic, MCD can be expected to fall toward the next support level 316.00.