Final Moments For Bonfida (FIDA) To Break The Triangle

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Avatar for moon333
2 years ago

Hi friends hope you are well, and welcome to the new update on Fida.
On 14th Aug, Fida completed a bullish Gartley pattern and started a reversal move.
On a weekly time frame, Fida is still moving at the resistance of a big down channel.
On a daily time frame, Fida has formed a symmetrical triangle and reached at the end of the triangle.

Now if Fida breaks out this triangle, then soon it can also breakout the channel as well, otherwise, it will be rejected by the resistance of the bigger channel.

For a detailed analysis, you can also watch the video as well.

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