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FX.co ★ #MCD M5: Triple Bottom

#MCD M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the #MCD M5 chart. It has the following characteristics: resistance at 267.14; support at 266.27; pattern width of 87 points. If the confirmation resistance at 267.44 is broken, the price is likely to continue upward by at least 100 points.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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