$MCD - Ascending triangle playing out

Playing out ascending triangle. Rejected at upper trend line . Support is $233.80. If that fails we can retest the bottom trend line.
Support - $233.80
Bad case - $230
Entry - $230 -231 (if it gets there)
Stop loss - $227
PT 1 - $240
PT 2 - $244
PT 3 - $248
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines .
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.