A clean Descending Triangle often precedes a big move. Validate your entry.
Bearish continuation pattern.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Technical analysis of McDonald's (MCD) reveals a significant setup. Price has moved to $284.11 (1.37%) amidst recent volatility. Price action has carved out a classic Bearish Flag. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $271.98, targeting $204.11 with support near $285.32 (R:R 5.09).
What is your outlook on MCD?