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

The Double Bottom pattern has been formed on #MCD D1; the upper boundary is 285.31; the lower boundary is 271.84. The width of the pattern is 1331 points. In case of a break of the upper boundary 285.31, 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.

The Double Bottom pattern has been formed on #MCD D1; the upper boundary is 285.31; the lower boundary is 271.84. The width of the pattern is 1331 points. In case of a break of the upper boundary 285.31, 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.

The Bullish pennant pattern is formed on the #MCD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 280.25, a further uptrend is possible.

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 271.85 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.

The Bearish pennant pattern has formed on the #MCD M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 277.49 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.

The Triple Bottom pattern has been formed on #MCD M5. It has the following characteristics: resistance level 278.44/278.29; support level 277.52/277.65; the width is 92 points. In the event of a breakdown of the resistance level of 278.44, the price is likely to continue an upward movement at least to 277.88.

According to the chart of M5, #MCD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 277.52 is likely to encourage a continuation of the downward trend.

The Bearish pennant pattern has formed on the #MCD M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 277.49, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #MCD M5; the upper boundary is 281.35; the lower boundary is 280.68. The width of the pattern is 68 points. In case of a break of the upper boundary 281.35, 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.

The Double Top pattern has been formed on #MCD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 276.46 is broken, the downward movement will continue.