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

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.