A bullish symmetrical triangle breakout has happened recently and it might be happening again.
Things to note: - Established trend should exist (Uptrend in this case) - The triangle should have lower highs and higher lows as indicated.
How i trade this breakout : - Entry price placed slightly above previous high of resistance trend line - Stop loss place slightly below previous low of support trend line - Target price measured from highest and lowest point of trend line
RSI seems to be acting the same as well.
Wishing you guys a Merry Christmas and Happy New Year ! May the trades be in our favour. Cheers =)