FX.co ★ #MCD M5: Bearish Symmetrical Triangle

According to the chart of M5, #MCD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 296.07/296.84 and upper border is 297.71/296.84. The pattern width is measured on the chart at -164 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #MCD breaches the lower border, the price could continue its move toward 296.69.