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

The Bearish pennant pattern has formed on the #MCD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 323.11 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Triple Top pattern has formed on the chart of the #MCD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 15, support level -158, and pattern’s width 248. Forecast If the price breaks through the support level 324.22, it is likely to move further down to 326.76.

The Double Top reversal pattern has been formed on #MCD M15. Characteristics: the upper boundary 322.87; the lower boundary 320.65; the width of the pattern is 210 points. Sell trades are better to be opened below the lower boundary 320.65 with a possible movements towards the 320.42 level.

The Double Top reversal pattern has been formed on #MCD M5. Characteristics: the upper boundary 319.06; the lower boundary 318.06; the width of the pattern is 105 points. Sell trades are better to be opened below the lower boundary 318.06 with a possible movements towards the 317.91 level.

The Double Top pattern has been formed on #MCD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 314.36 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on #MCD M30. Characteristics: the upper boundary 317.34; the lower boundary 315.63; the width of the pattern is 166 points. Sell trades are better to be opened below the lower boundary 315.63 with a possible movements towards the 315.33 level.

The Double Top pattern has been formed on #MCD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 316.07 is broken, the downward movement will continue.

The Double Top pattern has been formed on #MCD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 315.63 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on #MCD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 316.23 is broken. The further movements will rely on the width of the current pattern 304 points.

The Bullish pennant pattern is formed on the #MCD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 314.53, a further uptrend is possible.