was formed on 11.02 at 22:50:21 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
According to the chart of M5, #MCD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 307.66/309.73 whereas the upper border goes across 311.43/309.73. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #MCD will breach the upper border to head for 309.88.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
