Update on my previous Idea of Brittania.
Stock faced some resistance on our trend line and then breached it heading towards the fault line.
Now What ?
Fault Line is nothing but a resistance zone.
If the stock faces resistance and selling pressure around this zone, then it will head back towards the blue trend line.
Stock is Bullish above the Fault Line & Bearish below the Blue Trend Line.
Trade carefully.
Now What ?
Fault Line is nothing but a resistance zone.
If the stock faces resistance and selling pressure around this zone, then it will head back towards the blue trend line.
Stock is Bullish above the Fault Line & Bearish below the Blue Trend Line.
Trade carefully.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.