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

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.

The Triple Top pattern has formed on the chart of the #MCD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 307.34/307.94 with the upper limit 308.31/308.38; the projection of the width is 97 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 307.34, the price is most likely to continue the downward movement.

According to M30, #MCD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 305.49/305.61 is broken out, the instrument is likely to move toward 305.91.

On the chart of #MCD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 305.60; the lower boundary 304.98; the width of the pattern 62 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 304.83 level.

The Triple Bottom pattern has been formed on #MCD M5. It has the following characteristics: resistance level 303.71/303.47; support level 302.63/302.44; the width is 108 points. In the event of a breakdown of the resistance level of 303.71, the price is likely to continue an upward movement at least to 302.76.

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 303.71 is broken. The further movements will rely on the width of the current pattern 108 points.