Chart, page-15143

Hi Chippers


Sorry my 4 hour chart did not post only the previous daily chart. I will try again.


After yesterdays action I thought I would revisit the BRN short term 4 hourly chart (do this very very rarely, but because of Fridays action I wanted to show this chart) with a view to try to establish possible retrace zones.


As you can see on the chart the two retracement zones based on a recent low of 0.65 and the high of 1.895

1st short term retrace zone Ret 23.6% = 1.60 and Ret 38.2% = 1.42 . so that 1.42 - 1.60 range. Well we are already into that zone with Fridays afternoon action getting as low as 1.47.

2nd short term retrace zone Ret 38.2% = 1.42 and Ret 50% = 1.27 so that range 1.27 - 1.42 , getting into that zone would close the 1.425 - 1.47 daily up gap.

3rd possibility we just go just beyond the the Ret 50%= 1.27 and close another daily upward gap of 1.20 -1.225.

I am not making predictions, just presenting options that would not surprise me, as always DYOR.

Cheers Lies

Thats better