FX.co ★ #MCD D1: Bearish Flag

The Bearish Flag pattern has formed on the #MCD D1 chart. Its lower boundary passes through 246.52/251.68, while its upper boundary passes through 249.16/254.32. The projected flagpole height is 1189 points. The formation indicates that the downtrend is likely to continue. A break below 246.52 would confirm further downward movement.