FX.co ★ #MCD M5: Double Bottom

#MCD M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 210.72; the resistance level 212.01; the width of the pattern 129 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 124 points.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph