A clean Rectangle often precedes a big move. Validate your entry.
Sideways movement between parallel supports.
Bearish continuation pattern.
A clear signal has emerged for McDonald's (MCD) on the daily chart. The stock is trading at $303.22, down 0.42% on the day. The primary technical feature is a Descending Triangle formation. This setup is supported by average volume turnover. A potential breakout level is identified at $301.53, targeting $270.23 with support near $311.68 (R:R 3.08).
What is your outlook on MCD?