Final Moments For Bonfida (FIDA) To Break The Triangle

 


Hi friends hope you are well, and welcom 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 reistance of the bigger channel.

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


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