FX.co ★ #MCD M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of #MCD M5. The lower boundary is at 272.17, while the upper boundary is at 273.22/272.94. The projected width is 77 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 273.22 is broken, the price is likely to continue upward.