MCD
McDonald's has just completed printing a true Bearish Harami two candle pattern. True Harami's are explained in linked diagram below. The body of the second, inner candle needs to be no bigger than 25% the size of the preceding candle, in which case this one qualifies. A true large bullish candle at the top of an uptrend, followed by a 75% smaller bodied bearish candle that gaps down from the previous closing price, and is fully contained by the preceding bullish candle. That's a reversal indicator and a good spot to get short MCD if you've been looking to. I believe we could see the 202's area on a pullback. This is a stock that generally outperforms when the markets are in true turmoil, and has been on a tear lately. I wouldn't want to stay short for very long personally. I like August 30th P205, currently trading for .40 per contract for this play. Happy hunting and GLTA!!
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