McDonald’s Testing Support—Is This the Next Bullish Combo Meal ?
By:TradingView
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
MCD remains in a strong bullish structure, trading within a well-defined blue rising channel, consistently printing higher highs and higher lows.
Price has now tapped into a key confluence zone:
• Lower boundary of the rising channel
• Weekly major low support
As long as this area holds, the bullish structure remains intact, and we can anticipate a potential continuation move toward all-time high territory.
This gives us an edge to look for trend-following long opportunities, with confirmation on lower timeframes before entry.
Invalidation:
A confirmed close below $275 and a breakdown of the channel would weaken the bullish outlook, opening the door for a move toward the next support zone and demand around $245–$250.
Good Luck.
Price has now tapped into a key confluence zone:
• Lower boundary of the rising channel
• Weekly major low support
As long as this area holds, the bullish structure remains intact, and we can anticipate a potential continuation move toward all-time high territory.
This gives us an edge to look for trend-following long opportunities, with confirmation on lower timeframes before entry.
Invalidation:
A confirmed close below $275 and a breakdown of the channel would weaken the bullish outlook, opening the door for a move toward the next support zone and demand around $245–$250.
Good Luck.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Correct: Nucor 2Q EPS $5.04, Not 3Q >NUE
Dow Jones•2026/09/17 20:38
Nucor Sees 3Q EPS $5.55-EPS $5.65 >NUE
Dow Jones•2026/09/17 20:33
BRT Apartments Replenishment of $10M for Buyback Program That Expires Dec. 31, 2028>BRT
Dow Jones•2026/09/17 20:12
Agnico-backed Cartier lowers Cadillac spend in Quebec gold belt
Mining.com•2026/09/17 16:57
Crypto prices
MoreBitcoin
BTC
$76,236.63
+0.74%
Ethereum
ETH
$2,436.55
+1.84%
Tether USDt
USDT
$0.9991
-0.02%
BNB
BNB
$733.63
+2.06%
XRP
XRP
$1.29
+0.51%
USDC
USDC
$0.9998
-0.02%
Solana
SOL
$100.85
+3.21%
TRON
TRX
$0.3343
-0.28%
Zcash
ZEC
$1,468.23
+11.95%
Hyperliquid
HYPE
$83.13
+6.51%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now