Technician
Short

Technical Analysis : McDonald's At Critical Support

NYSE:MCD   MCDONALD'S CORP
408 4 6
Technical Analysis
After breaking the minor falling channel ( I mentioned in my prior long term analysis 8 months ago, check links below)the price headed to retest the top of the main long term rising channel , but Price failed around the major high at 102.22 again. And that keeps my overall bias bearish , a break and weekly closing below 92.20 may give further confirmation for the the bearish formation, as the price would complete a double top formation, within the context of a wider potential triple top. That could signal a move to 83.30 major low and neckline for a major long term bearish triple top.

I will keep my eyes on 93.20 level for now, which should determine the next trade.

Best of Luck , join me at https://twitter.com/thefxchannel
Also at my Facebook             page http://www.thefxchannel.com
My best regards,
Technician
https://thefxchannel.com
Now is above 92.20 (93 Wednesday close), do you still think this is bearish? we should wait longer for bearish signal? thanks for all your helps
Reply
Technician PRO ZaloRostam
Failed to breakout below 92.20, no weekly closing yet. That makes me neutral for now as we might see a bounce.
Reply
''I'm Loving It'' :)
+1 Reply
Hahaha
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out