FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Double Bottom pattern has been formed on #MCD M30. Characteristics: the support level 261.03; the resistance level 264.01; the width of the pattern 298 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 279 points.

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 265.36 is broken. The further movements will rely on the width of the current pattern 113 points.

The Bearish pennant pattern has formed on the #MCD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 264.22; the projection of the flagpole height is equal to 346 pips. In case the price breaks out the pattern’s bottom of 264.22, the downtrend is expected to continue for further level 263.92.

According to the chart of M15, #MCD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 265.36, the lower border is 264.23. The signal means that a short position should be opened after fixing a price below the lower border 264.23 of the Bearish Rectangle.

According to the chart of M5, #MCD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 265.34 - 0.00 and support 264.23 – 264.23. In case the resistance level 264.23 - 264.23 is broken, the instrument is likely to follow the bearish trend.