McDonald's stock presents a small level double top shape!
McDonald's stock presents a small level double top shape!
This figure shows the weekly candle chart of McDonald's stock from the end of 2019 to the present. The graph overlays the low point of 2020 against the golden section. As shown in the figure, the high points of the past two months have been suppressed by the 2.618 position of the golden section in the figure, and the low point in early June has just stepped back on the 2.382 position of the golden section in the figure! So, in the future, we can use these two positions (280-299) as the key ranges for McDonald's stocks, with a fluctuating approach within the range and a unilateral breakthrough approach outside the range!
This figure shows the weekly candle chart of McDonald's stock from the end of 2019 to the present. The graph overlays the low point of 2020 against the golden section. As shown in the figure, the high points of the past two months have been suppressed by the 2.618 position of the golden section in the figure, and the low point in early June has just stepped back on the 2.382 position of the golden section in the figure! So, in the future, we can use these two positions (280-299) as the key ranges for McDonald's stocks, with a fluctuating approach within the range and a unilateral breakthrough approach outside the range!