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

The Triple Bottom pattern has formed on the #MCD M5 chart. It has the following characteristics: resistance at 267.14; support at 266.27; pattern width of 87 points. If the confirmation resistance at 267.44 is broken, the price is likely to continue upward by at least 100 points.

The Triple Bottom pattern has formed on the chart of #MCD M5. The lower boundary is at 272.17, while the upper boundary is at 273.22/272.94. The projected width is 77 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 273.22 is broken, the price is likely to continue upward.

The Double Bottom pattern has formed on the #MCD M5 chart. Its upper boundary is at 273.22, its lower boundary is at 272.45, and its width is 79 points. A break above the upper boundary at 273.22 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Bullish Pennant pattern has formed on the #MCD M5 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 276.19, the uptrend is expected to continue toward 276.34.

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 268.71 may confirm the bearish scenario. The projected peak-to-trough width is 79 points.