Britannia is about to break out from a Symmetrical Triangle pattern,
1) Has been super bullish since COVID meltdown recovery
2) Broke 2019 highs and took support ( 3330 ) around 12th June 2020
3) Lost momentum around 30th July and Trend reversal confirmed around 31st August ( Sell pressure kicked in around 3955 range )
4) Sell pressure stopped around 3400 and took that as support ( its all-time high before the rally )
5) Currently in a symmetrical triangle pattern about to breakout.
Though it can break out in any direction, my bias is bullish.
1) Has been super bullish since COVID meltdown recovery
2) Broke 2019 highs and took support ( 3330 ) around 12th June 2020
3) Lost momentum around 30th July and Trend reversal confirmed around 31st August ( Sell pressure kicked in around 3955 range )
4) Sell pressure stopped around 3400 and took that as support ( its all-time high before the rally )
5) Currently in a symmetrical triangle pattern about to breakout.
Though it can break out in any direction, my bias is bullish.
Trade chiuso: obiettivo raggiunto:
Bullish breakout as seen today.