McDonald’s: Rally Interrupted, but Uptrend Remains Intact

McDonald’s shares initially saw a modest decline, but recent quotes indicate renewed attempts to soon establish the high of magenta wave . Once this phase concludes, we anticipate a moderate pullback as wave [ii] unfolds, followed by wave [iii] gaining enough momentum to push price above the $326.32 resistance level. However, if support at $283.47 is decisively breached, our alternative scenario will come into play. We currently assign a 37% probability to this outcome, in which the stock would likely move toward a new low of green wave alt.[4].