FX.co ★ #MCD D1: Bearish Flag

The Bearish Flag pattern has been formed on #MCD at D1. The lower boundary of the pattern is located at 270.33/279.93 while the upper boundary lies at 273.95/283.55. The projection of the flagpole is 2513 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 270.33 is broken, the price will move further downwards.