lauralea

Cup and Handle Rising wedge

NYSE:MCD   McDonald's Corporation
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I do not like the rising wedge . Rising wedges are not valid until bottom trendline is broken.

Rising wedges are usually bearish and interrupt supply and demand . Both trendlines slope up and then converge at the apex. In the long run, rising wedges are a terminal pattern. Support within the wedge can catch the fall. There is support up high in the wedge pattern.

Vup low is 202.73 Cup depth is 29.18 Mid cup is 217.30

No recommendation

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