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.
Đóng lệnh: dừng lỗ
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.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
📊 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.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.