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

According to the chart of M5, #MCD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 268.87 – 268.87 and upper border 270.78 – 270.78. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on #MCD M15. Characteristics: the support level 268.87; the resistance level 270.78; the width of the pattern 191 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 184 points.

The Double Bottom pattern has been formed on #MCD M5; the upper boundary is 270.78; the lower boundary is 268.94. The width of the pattern is 191 points. In case of a break of the upper boundary 270.78, 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 M15. Characteristics: the upper boundary 276.41; the lower boundary 272.64; the width of the pattern is 367 points. Sell trades are better to be opened below the lower boundary 272.64 with a possible movements towards the 272.42 level.

The Triple Top pattern has formed on the chart of the #MCD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -41, and pattern’s width 143. Forecast If the price breaks through the support level 274.60, it is likely to move further down to 276.16.

The Triple Top pattern has formed on the chart of the #MCD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 272.64/274.60 with the upper limit 276.41/276.31; the projection of the width is 377 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 272.64, the price is most likely to continue the downward movement.

According to the chart of M5, #MCD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 272.61 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -170 pips.

The Bullish pennant signal – Trading instrument #MCD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 278.45, with the prospect of the next move being a projection of the flagpole height.

The Double Top reversal pattern has been formed on #MCD M30. Characteristics: the upper boundary 277.40; the lower boundary 272.89; the width of the pattern is 476 points. Sell trades are better to be opened below the lower boundary 272.89 with a possible movements towards the 272.59 level.

The Double Top pattern has been formed on #MCD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 276.72 is broken, the downward movement will continue.