I have been watching MCD since few weeks ago Chines authorities started an investigation of fast food chain selling old meat from other countries to China market....Since then the stock have been plunging. What added to the bearish bias was the new Russian sanction and Russian government announcing it will investigate the fast food chain for miss-serving and foul practices. So their we have it down 10% for two months to the 0.786 fib retr of that last bull leg from the begging of the year. RSI is very over sold and double bottomed with divergence. To all that and a case for entry we can add a strong and stretched structure sup/resit area. I am going for T1 at 0.382 and T2 at 0.618 fib restr of this whole short leg from the highs. RRRis 1:2 and 1:3 with my stops under the sup/resist area.