FX.co ★ #MCD M30: Bearish Flag

The Bearish Flag pattern has been formed on #MCD at M30. The lower boundary of the pattern is located at 324.43/326.53 while the upper boundary lies at 326.57/328.67. The projection of the flagpole is 771 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 324.43 is broken, the price will move further downwards.