MCD is falling hard, and aint overMcDonald's CorporationBATS:MCDew-forecastMcDonald’s is seeing a pretty aggressive selloff, and notice that price is accelerating after breaking below the trend line of the higher degree diagonal. This suggests bearish momentum is picking up, and weakness could continue after any rebound. We are likely in an extended wave A decline, with five waves down underway after the recent drop from the wave four rally that perfectly stopped at the 290 to 293 resistance area. It now looks like we are in the final stages of a fifth wave decline, so it may be time and aware for a potential wave B recovery. However, that does not mean the larger bearish trend is over. Overall, this looks like a trend change to the downside, and the move is likely not finished yet. Any wave B rally should be viewed as corrective and could provide another opportunity for weakness to resume later in wave C. Highlights: • Bearish momentum accelerated after the break below the higher degree diagonal trend line. • Wave A appears to be unfolding as a five wave decline. • The wave four rally stopped perfectly at the 290 to 293 resistance zone. • Current weakness may be approaching the final stages of wave five. • Any wave B rebound is likely corrective and could be followed by another leg lower in wave C.