2waytrading
Short

Don't Ignore this Bearish Pattern

NYSE:MCD   MCDONALD'S CORP
109 1 3
Recent double top bearish formation in weekly chart still remains intact and early days of this month it broke out downside form the neckline but it has been rejected what seems now a temporary relief and still seems a possibility to achieve that target price. Forget now to see $103 before end of this year even if market prints a new higher highs. If you want to see a real time alerts try us http://www.2waytrading.com
MCD is very bullish on the daily chart. The only reason I didn't buy was because of the risk reward, but this will go higher in the coming days.
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