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FX.co ★ #MCD M5: Bearish Rectangle

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Technical Analysis Patterns

2026-07-21T16:51:02
Signal strength 1 of 5

#MCD M5: Bearish Rectangle

Bearish RectangleThe Bearish Rectangle has formed on the #MCD M5 chart and indicates a likely continuation of the trend. Its resistance zone is at 265.34–265.34 and its support zone is at 264.23–264.23. A break below support at 264.23 is likely to signal a continuation of the bearish trend.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by #MCD