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

According to the chart of M5, #MCD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 272.61 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -170 pips.

The Bullish pennant signal – Trading instrument #MCD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 278.45, with the prospect of the next move being a projection of the flagpole height.

The Double Top reversal pattern has been formed on #MCD M30. Characteristics: the upper boundary 277.40; the lower boundary 272.89; the width of the pattern is 476 points. Sell trades are better to be opened below the lower boundary 272.89 with a possible movements towards the 272.59 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 276.72 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the #MCD H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 277.74.

The Bullish pennant pattern is formed on the #MCD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 274.51, 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 271.27/271.57 with the upper limit 272.08/272.07; the projection of the width is 81 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 271.27, the price is most likely to continue the downward movement.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #MCD M30. Forecast: if the price breaks above the pattern high at 272.21, then traders will be able to place a long deal with the target at 272.51.

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 269.58 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on #MCD M5. Characteristics: the upper boundary 268.50; the lower boundary 266.81; the width of the pattern is 171 points. Sell trades are better to be opened below the lower boundary 266.81 with a possible movements towards the 266.66 level.