FX.co ★ #MCD D1: Bearish pennant

The Bearish pennant pattern has formed on the #MCD D1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 305.71; the projection of the flagpole height is equal to 2474 pips. In case the price breaks out the pattern’s bottom of 305.71, the downtrend is expected to continue for further level 305.31.