FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has been formed on #MCD M15. 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 321.75 is broken. The further movements will rely on the width of the current pattern 746 points.

The Bullish pennant graphic pattern has formed on the #MCD H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 300.20.

The Bullish pennant signal – Trading instrument #MCD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 295.49, with the prospect of the next move being a projection of the flagpole height.

The Triple Bottom pattern has formed on the chart of #MCD M5. Features of the pattern: The lower line of the pattern has coordinates 285.56 with the upper limit 285.56/285.36, the projection of the width is 75 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 284.81, the price is most likely to continue the upward movement.

According to M5, #MCD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 285.56/285.36 is broken out, the instrument is likely to move toward 285.51.