FX.co ★ #MCD M15: Bearish Flag

The Bearish Flag pattern has been formed on #MCD at M15. The lower boundary of the pattern is located at 264.37/264.61 while the upper boundary lies at 264.89/265.13. The projection of the flagpole is 331 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 264.37 is broken, the price will move further downwards.