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

The Double Top reversal pattern has been formed on #MCD D1. Characteristics: the upper boundary 311.57; the lower boundary 298.23; the width of the pattern is 1404 points. Sell trades are better to be opened below the lower boundary 298.23 with a possible movements towards the 297.83 level.

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 304.94 is broken. The further movements will rely on the width of the current pattern 106 points.

The Bearish pennant pattern has formed on the #MCD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 304.11 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.

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 304.22 – 304.22 and upper border 304.97 – 304.97. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on #MCD M5; the upper boundary is 310.86; the lower boundary is 309.13. The width of the pattern is 180 points. In case of a break of the upper boundary 310.86, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit 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 309.93 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 305.06 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the #MCD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 298.35 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.

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 299.58 – 299.58 and upper border 300.31 – 300.31. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on #MCD M15. Characteristics: the support level 299.65; the resistance level 301.77; the width of the pattern 212 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 219 points.