Wednesday, May 10, 2017

BRN price action analysis

A Brown Company, Inc.

Potential confirmation today from a Bearish Counter Attack candlestick pattern that formed around the resistance area.

*Immediate resistance to break at close = 1.30.
*Next resistance at 1.37~1.38.

It also technically completed the Bearish AB=CD harmonic pattern. The PRZ area (Potential Reversal Zone) is a potential profit taking area.


No comments:

Post a Comment