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

The Triple Top pattern has formed on the chart of #MCD M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 262.24 may confirm the bearish scenario. The projected peak-to-trough width is 101 points.

The Bullish Symmetrical Triangle pattern has formed on the #MCD M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 264.31/263.12, while its lower boundary passes through 262.09/263.12. The pattern width is 222 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 263.12 could send the price toward 263.27.

The Bearish Symmetrical Triangle pattern has formed on the #MCD M5 chart. A break below the lower boundary at 247.10 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 99 points.

The Bearish Symmetrical Triangle pattern has formed on the #MCD M5 chart. Its lower boundary passes through 246.63/247.54, while its upper boundary passes through 248.74/247.54. The pattern width is 211 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If #MCD breaks below the lower boundary, the price could move toward 247.39.

The Double Bottom pattern has formed on the #MCD M5 chart. Its support is at 245.34, its resistance is at 245.96, and its width is 62 points. A break above resistance may confirm a trend reversal, with the first target projected 59 points away.