Shares of fast-food chain McDonald's Corp. are trading at 295.00.

The possibility of growth remains.

On the daily chart, the formation of the ascending third wave of the higher level 3 and wave (5) of 3, which includes wave 5 of (5), continues, while on the four-hour interval, the fifth wave of the lower level iii of 5 has already appeared, the local correction as the fourth wave iv of 5 has ended and the construction of the fifth wave v of 5 has begun. If the assumption is correct, the asset’s upward dynamics will continue in the area of 327.00–340.00. The level of 283.60 is critical and stop-loss for this scenario.