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

#MCD H1

Double Bottom
The Double Bottom pattern has been formed on #MCD H1; the upper boundary is 231.67; the lower boundary is 228.52. The width of the pattern is 336 points. In case of a break of the upper boundary 231.67, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
2022-05-20

#MCD M15

Double Bottom
The Double Bottom pattern has been formed on #MCD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 231.67 is broken. The further movements will rely on the width of the current pattern 295 points.
2022-05-20

#MCD M5

Double Bottom
The Double Bottom pattern has been formed on #MCD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 230.65 is broken. The further movements will rely on the width of the current pattern 151 points.
2022-05-19

#MCD M15

Bearish pennant
The Bearish pennant pattern has formed on the #MCD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 232.30; the projection of the flagpole height is equal to 935 pips. In case the price breaks out the pattern’s bottom of 232.30, the downtrend is expected to continue for further level 232.07.
2022-05-18

#MCD M30

Bearish pennant
The Bearish pennant pattern has formed on the #MCD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 232.26; the projection of the flagpole height is equal to 939 pips. In case the price breaks out the pattern’s bottom of 232.26, the downtrend is expected to continue for further level 231.96.
2022-05-18

#MCD H1

Bearish Rectangle
According to the chart of H1, #MCD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 246.76 - 0.00 and support 240.76 – 240.76. In case the resistance level 240.76 - 240.76 is broken, the instrument is likely to follow the bearish trend.
2022-05-17

#MCD M5

Double Bottom
The Double Bottom pattern has been formed on #MCD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 246.31 is broken. The further movements will rely on the width of the current pattern 317 points.
2022-05-17

#MCD M15

Bearish Rectangle
According to the chart of M15, #MCD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 245.91, the lower border is 243.18. The signal means that a short position should be opened after fixing a price below the lower border 243.18 of the Bearish Rectangle.
2022-05-11

#MCD M15

Bearish Rectangle
According to the chart of M15, #MCD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 242.18 – 242.18 and upper border 247.81 – 247.81. In case the lower border is broken, the instrument is likely to follow the downward trend.
2022-05-03

#MCD H1

Double Bottom
The Double Bottom pattern has been formed on #MCD H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 251.08 is broken. The further movements will rely on the width of the current pattern 395 points.
2022-04-28