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.
Trade geschlossen: Stop wurde erreicht
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.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
📊 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.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.