MCDONALDS: Buy Opportunity

The price reached the support zone between 192.00 and 190.00 levels. In spite of a breakout below SMA200, which gave us a trend reversal signal, the market can continue the previous uptrend. I refer to a similar structure, which the market passed in 2016 and 2018 years.

It is possible to think about buying based on the confirmed reversal signal from the support zone or following a breakout above the local downtrend line.

Stop orders must be placed below 190.00 support level. The main profit target should be at 221.00 resistance.