McDonald's - daily ranging within "golden cross" reversal area for the possible bullish reversal; 162.27 is the key
The price is within 50 SMA/200 SMA "golden cross" reversal area waitingg for the direction of the strong trend to be started, and within the following support/resistance levels:
The chart was made on MT5 with standard indicators of Metatrader 5
"Golden cross occurred when the 50-day simple moving average crossed above its 200-day simple moving average, indicating that higher prices lie ahead. As this pattern holds you are buying weakness to the 200-day simple moving averages. The 50-day is in blue on the charts and the 200-day is in green." - from this article.
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Sergey Golubev, 2019.01.18 09:24
The weekly share price is located above Ichimoku cloud in the bullish market condition for the ranging within 190.8 resistance level for the bullish trend to be continuing and 169 support level for the secondary correction to the bearish reversal will be started.Most likely scenario: bullish trend with ranging within the levels.
The chart was made on weekly timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:
Sergey Golubev, 2020.06.22 11:55