McDonald’s Wave Analysis 28 May 2024

– McDonald’s under strong bearish pressure

– Likely to fall to support level 250.00

McDonald’s Corp under the strong bearish pressure after the price broke the key support level 261.40, which stopped the previous minor impulse wave i at the end of April.

The breakout of the support level 261.40 accelerated the active impulse wave c of the minor ABC correction 2 from January.

McDonald’s can be expected to fall further to the next support level 250.00, target price for the competition of the active impulse wave c.