BSL - VCP pattern Breakout on Weekly ChartBSL Ltd has given a breakout of Volatility Contraction Pattern (VCP), a bullish setup.
Key points in this VCP:
3T VCP Formation:
1st Contraction: 38.7%
2nd Contraction: 31%
3rd Contraction: 15.86%
These diminishing contractions indicate reduced volatility and a tightening range, suggesting that