How high can it go?

This British Index just broke out of a consolidation phase inside a long term triangle on the daily timeframe with what seems to be a retest underway. Scaling down to the 4 hour timeframe we see a bullish pennant which is a trend continuation pattern and a break of this structure could push the FTSE higher. Also with risk on sentiment in the market about the US$1.9 Trillion stimulus signed by President Biden, not only will the US benefit from this package but also the global economy as a whole.