Shares of the world's largest fast food chain McDonald's Corp. are declining, trading around 279.00.

The price is in correction, the probability of decline remains.

On the daily chart, the development of the third wave of the senior-degree wave 3 is presumably completed, and a downward correction is now developing as the fourth wave 4. On the 4-hour timeframe, wave (A) of 4 is developing, which already includes wave 3 of a lower degree, 3 of (A), while a correction has been completed as wave (iv) of (A). If this scenario proves correct, the downward trend is expected to continue toward the 265.50–244.40 area, with the critical stop loss level for this scenario at 296.50.