Technician
Short

McDonald's Alarming a Major Top

BATS:MCD   MCDONALDS CORP
670 2 12
Price failed around the major high at 102.22, heading back lower within a minor falling channel , a break and weekly closing below 94.00 may give further confirmation for the the bearish formation. That could signal a move to 83.30 major low and neckline for a major long term bearish double top .
Note: This is a non-confirmed setup and might be risky.

https://twitter.com/thefxchannel
thefxchannel.com
My trading ideas channel https://telegram.me/technician_forex_trades

Get your gift : https://thefxchannel.com

Skype: Technician - The forex channel
Nice. I've been short MCD since just before Thanksgiving.

MCD short entry may setup this week.


Covered short today even though we may have some more downside.

Happy with how this trade worked out.

Reply
looks like btc/usd mtgox $1240 double top
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out