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

The Bullish pennant pattern is formed on the #MCD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 272.07, a further uptrend is possible.

According to the chart of H1, #MCD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 264.56 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has formed on the chart of #MCD M5. Features of the pattern: The lower line of the pattern has coordinates 267.36 with the upper limit 267.36/266.72, the projection of the width is 128 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 266.08, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 266.08; the resistance level 267.36; the width of the pattern 128 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 129 points.

The Triple Bottom pattern has formed on the chart of #MCD M5. Features of the pattern: The lower line of the pattern has coordinates 270.74 with the upper limit 270.74/266.84, the projection of the width is 523 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 265.51, the price is most likely to continue the upward movement.