2 days ago

The key is whether it can be supported and rise near 300.17

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(MCD 1D chart)

Before following the basic trading strategy, the first thing to check is whether the current price is above or below the M-Signal indicator on the 1M chart.

If the price is below the M-Signal indicator on the 1M chart, there is a possibility that it will turn into a medium- to long-term downtrend.

Therefore, if possible, it is recommended to trade stocks whose prices are above the M-Signal indicator on the 1M chart.

If the price is below the M-Signal indicator on the 1M chart, you should respond quickly and briefly using the short-term trading (day trading) method.

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The support and resistance zones can be seen as the 287.46-290.14 zone and the 307.41-314.89 zone.

The 287.46-290.14 zone is the DOM(-60) ~ HA-Low zone, and the 307.41-314.89 zone is the HA-High ~ DOM(60) zone.

These two zones are likely to form a trend depending on how they break through, so they can be seen as support and resistance zones.

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The 300.17-316.56 zone is the HA-High ~ DOM(60) zone on the 1W chart.

Therefore, we need to check whether it can receive support and rise in the 300.17-316.56 zone.

Therefore, if it falls near the 307.41-314.89 range, you should check for support near 300.17.

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If it rises above the HA-High ~ DOM(60) range, it is likely to show a step-up trend, and if it falls in the DOM(-60) ~ HA-Low range, it is likely to show a step-down trend.

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Thank you for reading to the end.
I hope you have a successful transaction.

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