FX.co ★ Patterns #MCD | McDonald's Corporation Stock Price

The Bearish Flag pattern has been formed on #MCD at D1. The lower boundary of the pattern is located at 305.71/313.25 while the upper boundary lies at 310.15/317.69. The projection of the flagpole is 2474 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 305.71 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the #MCD D1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 305.71; the projection of the flagpole height is equal to 2474 pips. In case the price breaks out the pattern’s bottom of 305.71, the downtrend is expected to continue for further level 305.31.

The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 307.66; the resistance level 309.26; the width of the pattern 160 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 155 points.

The Bearish Flag pattern has been formed on the chart #MCD D1 which signals that the downward trend will continue. If the price breaks below the low at 305.71, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (20 points).

The Bearish pennant pattern has formed on the #MCD D1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 305.71; the projection of the flagpole height is equal to 2474 pips. In case the price breaks out the pattern’s bottom of 305.71, the downtrend is expected to continue for further level 305.31.

The Triple Top pattern has formed on the chart of the #MCD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 327.49/328.36 with the upper limit 329.41/329.32; the projection of the width is 192 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 327.49, the price is most likely to continue the downward movement.

The Bearish Flag pattern has been formed on #MCD at M30. The lower boundary of the pattern is located at 324.43/326.53 while the upper boundary lies at 326.57/328.67. The projection of the flagpole is 771 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 324.43 is broken, the price will move further downwards.

According to the chart of M15, #MCD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 324.72 – 324.72 and upper border 326.68 – 326.68. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Bearish pennant pattern has formed on the #MCD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 324.43; the projection of the flagpole height is equal to 771 pips. In case the price breaks out the pattern’s bottom of 324.43, the downtrend is expected to continue for further level 324.13.

According to the chart of M5, #MCD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 324.72 – 324.72 and upper border 326.68 – 326.68. In case the lower border is broken, the instrument is likely to follow the downward trend.