McDonald's $MCD has been in consolidation mode since late January. We are starting May with a possible breakout from this consolidation/correction mode.MCD Daily Chart(click to enlarge)Breakout:- After price retreated from a high around $178 a share, MCD started to consolidate sideways.- The resistance during this sideways consolidation was around 165.70. - Price broke above this level during the 4/30 session. - The RSi broke above 60, which is a sign that the prevailing bearish momentum is done.- The pressure is now back to the $178-$180 area.- As long as price holds above $160, there should be upwards pressure back towards the 2018 high and possibly higher.