Another chart. Another story.
BRUN has delivered an impressive rally from around $10 to a high near $42, rewarding trend followers with a massive move. As expected after such an explosive run, the stock entered a healthy correction phase.
The interesting part? That correction has now reached a high-confluence support zone.
📖 The Story
After the rally, BRUN has retraced into the Fibonacci Golden Pocket (0.5–0.618), with the 0.618 level near $22.5 aligning almost perfectly with horizontal support around $22.1.
At this key level, buyers stepped in aggressively, printing a Bullish Engulfing candle—often an early sign that demand is returning after a pullback.
This is exactly the type of price action swing traders like to see:
🟢 Healthy retracement into the Golden Pocket
🟢 Strong horizontal support
🟢 Bullish Engulfing candle at support
🟢 Favorable risk-to-reward if support holds
While no setup is guaranteed, the odds now favor a relief rally as long as this support remains intact.
🎯 Bullish Targets
🎯 $27.5 – First resistance (0.5 Fib)
🎯 $30.0 – 0.382 Fib resistance
🎯 $32.0 – Major resistance
🚀 $42.0 – Previous swing high
A decisive break above these levels could put BRUN back on track to retest its highs.
❌ Invalidation
A daily close below $22.1 would invalidate this bullish thesis and suggest the correction isn't over yet.
BRUN has delivered an impressive rally from around $10 to a high near $42, rewarding trend followers with a massive move. As expected after such an explosive run, the stock entered a healthy correction phase.
The interesting part? That correction has now reached a high-confluence support zone.
📖 The Story
After the rally, BRUN has retraced into the Fibonacci Golden Pocket (0.5–0.618), with the 0.618 level near $22.5 aligning almost perfectly with horizontal support around $22.1.
At this key level, buyers stepped in aggressively, printing a Bullish Engulfing candle—often an early sign that demand is returning after a pullback.
This is exactly the type of price action swing traders like to see:
🟢 Healthy retracement into the Golden Pocket
🟢 Strong horizontal support
🟢 Bullish Engulfing candle at support
🟢 Favorable risk-to-reward if support holds
While no setup is guaranteed, the odds now favor a relief rally as long as this support remains intact.
🎯 Bullish Targets
🎯 $27.5 – First resistance (0.5 Fib)
🎯 $30.0 – 0.382 Fib resistance
🎯 $32.0 – Major resistance
🚀 $42.0 – Previous swing high
A decisive break above these levels could put BRUN back on track to retest its highs.
❌ Invalidation
A daily close below $22.1 would invalidate this bullish thesis and suggest the correction isn't over yet.
أغلقت الصفقة: تم الوصول لوقف الخسارة
they say, get rid of your loosers :-D
📊 Charts → 🏗️ Structure → 🎯 Probability =📖 Chart Story
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
📊 Charts → 🏗️ Structure → 🎯 Probability =📖 Chart Story
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.