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

The Bullish Pennant pattern has formed on the #MCD M30 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 258.41, the uptrend is expected to continue toward 258.71.

The Bullish Pennant pattern has formed on the #MCD M5 chart. This is a continuation pattern. If the price closes above the pennant high at 257.75, the uptrend is likely to continue.

The Bullish Pennant pattern has formed on the #MCD M5 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 257.66, the uptrend is expected to continue toward 257.81.

The Double Bottom pattern has formed on the #MCD M30 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 253.74. The projected move is based on the pattern width of 158 points.

The Bearish Pennant pattern has formed on the #MCD M30 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 255.62.

The Bearish Pennant pattern has formed on the #MCD M15 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 255.42.

The Double Top reversal pattern has formed on the #MCD M5 chart. Its upper boundary is at 259.91, its lower boundary is at 259.55, and its width is 40 points. A short position may be considered below the lower boundary at 259.55, with a potential target at 259.40.

The Triple Bottom pattern has formed on the #MCD H1 chart. It has the following characteristics: resistance at 262.72; support at 260.17; pattern width of 255 points. If the confirmation resistance at 266.06 is broken, the price is likely to continue upward by at least 537 points.

The Double Bottom pattern has formed on the #MCD M15 chart. Its upper boundary is at 262.28, its lower boundary is at 260.83, and its width is 150 points. A break above the upper boundary at 262.28 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Double Top reversal pattern has formed on the #MCD M5 chart. Its upper boundary is at 264.23, its lower boundary is at 262.72, and its width is 151 points. A break below the lower boundary is likely to confirm further downward movement toward 262.57.