was formed on 10.06 at 19:47:50 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
According to the chart of M5, #MCD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 301.74 - 0.00 and support 299.54 – 299.54. In case the resistance level 299.54 - 299.54 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
