Technical Analysis

[Ethinvestor]

I agree, i was expecting a pullback as well but now this is the second breakout from a downtrend and today we broke out from previous high (major level 25 cent) means we heading to a new bullish Trend even if we pull back now Which is just about time for such an undervalued asset. i put my friend in 3 weeks ago he just made 40% lol

 

[Ethinvestor]

Continuation pattern.. meaning we should be going up minimum another 20-25 cents …

 

[Falling Knife]

Love how this is shaping up
All the Guppy Moving averages are presenting well
All that is required is the simple day 200MMA (red) to turn up and the Yellow weekly MMAs to rise above it.

Full on uptrend in the making
Amazing what a bit of buying volume can do to a chart.
the SP bounced off the 200 DMMA in the last pull back, BRN held on to 100 % gains so sentiment has certainly changed.

I concur with

Ethinvestor​

Next leg up into the 60s.....

 

[Ethinvestor]

Love how this is shaping up
All the Guppy Moving averages are presenting well
All that is required is the simple day 200MMA (red) to turn up and the Yellow weekly MMAs to rise above it.

Full on uptrend in the making
Amazing what a bit of buying volume can do to a chart.
the SP bounced off the 200 DMMA in the last pull back, BRN held on to 100 % gains so sentiment has certainly changed.
View attachment 58437


I concur with

Ethinvestor​

Next leg up into the 60s.....

The old Guppy, my favorite MMA indicator.. i forgot about it lol - i wonder what he is doing these days.. last i heard like 15 years ago went to live in china… i learned a lot from him

 

[Fullmoonfever]

Haven't dropped in to the TA forum for ages.

Simple chart below based on:

1. Volume bias on daily basis over last 60 bars. This can be changed to smaller intervals etc.
2. Swing points
3. Supp / Resist areas over specific timeframe - also has # 2 calcs within
4 Hull Suite MA which colours the bars on cross overs. Can use for trend, additional supp / resist plus direction bas on flatter (ranging), rising & falling.
5. Combined Awesome Oscillator & RSI combined to smooth out and indicate OB / OS areas. Bull / Bear on centre crosses & also when colour drops out can indicate change but still bull or bear area plus weakening if histogram decreasing or strengthening if rising.
6. Modified Money Flow Index over longer period.

Can see the BO and now the hit up into the resist area, rejected, found supp round the Hull MA with spread tightening on decreasing vol. Little breather here at the mo. I am watching the possibility of a broadening wedge forming though.

There are other charts I use for additional correlations on diff indicators etc. Quick snip of one under as well using volume weighted pivots for indicative supp / resist areas, plus another volume up / down with a delta line, MA's plus other stuff I won't get into too much at the mo.

 

[Fullmoonfever]

Needs support here or descending triangle could come into play.

 

[stuart888]

The 5-year Macro view is revealing! Investing in AI is not stupid!

 

[BEISHA]

Fantastic sub wave 1 up action from 14.5c - 53.7 ( 2.6 bags up ), now the corrective phase playing out, usually 50/61 fib is the reversal on average for wave 2 down but can go lower depending on the macro / sentiment, which is where SP stands now, needs to hold , or 78 fib 22c comes to play, all indicators negative atm.

The next 4C will tell a tale.

imo

 

[Pom down under]

With us now sitting at support on 0.22 with the next level at 0.19 followed by 0.13, I might take a gamble and reduce my order price from 0.2 to 0.16 . Any thoughts anyone?

 

[Labsy]

I know nothing... Feels like I'm at the bus stop waiting.... If U Wana walk up the street a bit incase you catch an earlier one, go for it

 

[Ethinvestor]

We have a great brake out here towards up.. hope no negative news coming but seems this 20c ish is the current bottom for BRN for now

 

[Fullmoonfever]

Just a quick Ichimoku chart thought though I use other charts too for other indicators in conjunction with this one.

Always looks like a lot going on but the basics of Ichimoku are not too complex but won't get into it too much as not time at the mo.

Suffice to say the Kumo (cloud) has thinned which is good as provides less resist (thicker is more resist to get through or to consolidate within or reject). Kumo twist which is the bottom green line crossing the upper red line (Senkou A & B) indicates bullish or bearish (bearish still currently).

Flat tops have a habit of attracting price for retests if get a break out.

There are other nuances with Tenkan, Kijun & Chikou crosses, price crosses on them etc but won't get into now.

Mixed bag on the table summary hence the consolidation status at this point. Kumo BO & Twist strong bearish due to their current positions but won't take much to reverse those if a bit of solid price action continues.

Overall trhe current move is testing supply imo. We will see whether that overwhelms the buyers & we get a rejection to consolidate again before another attempt.

Genral rule of thumb is distribution occurs on large price runs cumlminating in a buying climax (Feb / Mar) then rolls over to reverse (downtrend) and accumulation occurs at the bottom till a selling climax (I get the feeling this may have been the action in Aug) then starts over again. This is how SM play the game.

 

[Fullmoonfever]

Just a quick Ichimoku chart thought though I use other charts too for other indicators in conjunction with this one.

Always looks like a lot going on but the basics of Ichimoku are not too complex but won't get into it too much as not time at the mo.

Suffice to say the Kumo (cloud) has thinned which is good as provides less resist (thicker is more resist to get through or to consolidate within or reject). Kumo twist which is the bottom green line crossing the upper red line (Senkou A & B) indicates bullish or bearish (bearish still currently).

Flat tops have a habit of attracting price for retests if get a break out.

There are other nuances with Tenkan, Kijun & Chikou crosses, price crosses on them etc but won't get into now.

Mixed bag on the table summary hence the consolidation status at this point. Kumo BO & Twist strong bearish due to their current positions but won't take much to reverse those if a bit of solid price action continues.

Overall trhe current move is testing supply imo. We will see whether that overwhelms the buyers & we get a rejection to consolidate again before another attempt.

Genral rule of thumb is distribution occurs on large price runs cumlminating in a buying climax (Feb / Mar) then rolls over to reverse (downtrend) and accumulation occurs at the bottom till a selling climax (I get the feeling this may have been the action in Aug) then starts over again. This is how SM play the game.

View attachment 69937

Just update to today of prev post above with another chart that shows some other indicators I use incl supp / resist.

 

[manny100]

No gap ups so far in this run which is good.
Target above is the gap at 44.5 cents with some red on the way.

 

[manny100]

Still no gaps which is good. Retrace today to around the 50 Fib. I remain bullish.

 

[Fullmoonfever]

Haven't had chance to review my normal charts on laptop but here is what I am watching for tomorrow from quick snip on phone.

The third candle (tomorrow's) will be important in this potential 3 candle pattern for failure or completion.

Today's chart:

What it could mean if completes:

 

[Flenton]

Haven't had chance to review my normal charts on laptop but here is what I am watching for tomorrow from quick snip on phone.

The third candle (tomorrow's) will be important in this potential 3 candle pattern for failure or completion.

Today's chart:

View attachment 70308


What it could mean if completes:

View attachment 70309

In the interest of personal development, does this 3 candle formation mean the end of the run?

 

[Fullmoonfever]

In the interest of personal development, does this 3 candle formation mean the end of the run?

Hi Flenton.

One example of an explanation is in the link.

Essentially if it completes it means bears are getting back some control and could stall the upmove, reverse and SP will look for support again with bulls hopefully starting again.

Obviously, any decent Ann's affect TA as well.

41 Candlestick Patterns Explained With Examples - Living From Trading

Learn about all the trading candlestick patterns that exist: bullish, bearish, reversal, continuation and indecision with examples and explanation.

www.livingfromtrading.com

 

[Fullmoonfever]

For those that like to investigate patterns, candlesticks etc.

Thought I'd post this site as it's a very good reference.

ThePatternSite.com

ThePatternSite.com is internationally known author and trader Thomas Bulkowski's FREE website for research on chart patterns, candlesticks, and much more!

thepatternsite.com

 

[Learning]

Haven't had chance to review my normal charts on laptop but here is what I am watching for tomorrow from quick snip on phone.

The third candle (tomorrow's) will be important in this potential 3 candle pattern for failure or completion.

Today's chart:

View attachment 70308


What it could mean if completes:

View attachment 70309

So it finished flat as yesterday candle, @Fullmoonfever, what is your interpretation? Cheer.

Learning