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

According to the chart of M5, #MCD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 271.58, the lower border is 270.40. The signal means that a short position should be opened after fixing a price below the lower border 270.40 of the Bearish Rectangle.

The Triple Bottom pattern has formed on the chart of the #MCD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 271.58/271.17.

The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 270.54; the resistance level 271.58; the width of the pattern 104 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 112 points.

The Bearish pennant pattern has formed on the #MCD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 272.91; the projection of the flagpole height is equal to 657 pips. In case the price breaks out the pattern’s bottom of 272.91, the downtrend is expected to continue for further level 272.61.

The Bearish pennant pattern has formed on the #MCD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 273.05 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 Flag pattern has been formed on #MCD at M5. The lower boundary of the pattern is located at 273.06/273.94 while the upper boundary lies at 274.38/275.26. The projection of the flagpole is 620 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 273.06 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the #MCD M5 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 273.06, a trader will be able to successfully enter the sell position.

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.