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

The Double Bottom pattern has been formed on #MCD H1. Characteristics: the support level 295.14; the resistance level 302.13; the width of the pattern 699 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 736 points.

The Double Bottom pattern has been formed on #MCD M5; the upper boundary is 295.57; the lower boundary is 295.14. The width of the pattern is 40 points. In case of a break of the upper boundary 295.57, 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 H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 295.88 is broken, the downward movement will continue.

The Double Top pattern has been formed on #MCD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 295.88 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the #MCD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 295.74, a trader will be able to successfully enter the sell position.

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 292.65 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 290.39 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.

The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 295.82; the resistance level 299.46; the width of the pattern 364 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 375 points.

On the chart of #MCD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 299.46; the lower boundary 283.61; the width of the pattern 1585 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 283.21 level.

The Bullish pennant signal – Trading instrument #MCD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 299.46, with the prospect of the next move being a projection of the flagpole height.