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

On the chart of #MCD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 305.60; the lower boundary 304.98; the width of the pattern 62 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 304.83 level.

The Triple Bottom pattern has been formed on #MCD M5. It has the following characteristics: resistance level 303.71/303.47; support level 302.63/302.44; the width is 108 points. In the event of a breakdown of the resistance level of 303.71, the price is likely to continue an upward movement at least to 302.76.

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 303.71 is broken. The further movements will rely on the width of the current pattern 108 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 303.92; the projection of the flagpole height is equal to 417 pips. In case the price breaks out the pattern’s bottom of 303.92, the downtrend is expected to continue for further level 303.62.

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.