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

According to the chart of M15, #MCD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 303.81 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -664 pips.

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 306.86 is broken. The further movements will rely on the width of the current pattern 79 points.

The Double Bottom pattern has been formed on #MCD M5; the upper boundary is 306.58; the lower boundary is 305.97. The width of the pattern is 66 points. In case of a break of the upper boundary 306.58, 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 reversal pattern has been formed on #MCD M5. Characteristics: the upper boundary 307.54; the lower boundary 306.82; the width of the pattern is 75 points. Sell trades are better to be opened below the lower boundary 306.82 with a possible movements towards the 306.67 level.

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 305.45 is broken. The further movements will rely on the width of the current pattern 191 points.

The Bearish pennant pattern has formed on the #MCD M15 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 299.92, a trader will be able to successfully enter the sell position.

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 300.34, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 300.85; the resistance level 302.58; 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 169 points.

The Bearish pennant pattern has formed on the #MCD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 300.79 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 305.30 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.