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

The Triple Top pattern has formed on the chart of the #MCD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 311.03/312.60 with the upper limit 314.48/314.14; the projection of the width is 345 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 311.03, the price is most likely to continue the downward movement.

On the chart of the #MCD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 311.03, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 345 points.

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 306.01, a trader will be able to successfully enter the sell position.

On the chart of the #MCD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 311.29, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 115 points.

According to the chart of M5, #MCD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 311.29 – 311.29 and upper border 312.51 – 312.51. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Triple Bottom pattern has formed on the chart of the #MCD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 307.00/305.33.

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 301.24 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 Bullish pennant signal – Trading instrument #MCD M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 308.46, with the prospect of the next move being a projection of the flagpole height.

On the chart of #MCD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 307.48; the lower boundary 306.72; the width of the pattern 76 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 306.57 level.

The Bullish pennant signal – Trading instrument #MCD M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 307.23, with the prospect of the next move being a projection of the flagpole height.