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.

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looks like btc/usd mtgox $1240 double top
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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.

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