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

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.

According to the chart of H1, #MCD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 269.88, the lower border is 265.12. The signal means that a short position should be opened after fixing a price below the lower border 265.12 of the Bearish Rectangle.

According to the chart of H1, #MCD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 269.88, the lower border is 265.12. The signal means that a short position should be opened after fixing a price below the lower border 265.12 of the Bearish Rectangle.

The Double Bottom pattern has been formed on #MCD M15. Characteristics: the support level 266.49; the resistance level 268.22; the width of the pattern 173 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 161 points.

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 269.88 - 0.00 and support 265.12 – 265.12. In case the resistance level 265.12 - 265.12 is broken, the instrument is likely to follow the bearish trend.

The Double Top pattern has been formed on #MCD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 267.15 is broken, the downward movement will continue.

On the chart of #MCD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 269.88; the lower boundary 267.15; the width of the pattern 273 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 266.92 level.

The Triple Bottom pattern has formed on the chart of #MCD H1. Features of the pattern: The lower line of the pattern has coordinates 269.21 with the upper limit 269.21/267.62, the projection of the width is 283 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 266.38, the price is most likely to continue the upward movement.

The Triple Bottom pattern has been formed on #MCD M30. It has the following characteristics: resistance level 269.21/267.62; support level 266.38/265.47; the width is 283 points. In the event of a breakdown of the resistance level of 269.21, the price is likely to continue an upward movement at least to 266.18.

The Bearish pennant pattern has formed on the #MCD H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 265.01 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.