BRN 2.44% 20.0¢ brainchip holdings ltd

Chart, page-375

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    BRN charting thread lets talk charting and what chart could point to in the future!

    Me calling for the 17.0c low, however, the following chart may explain why I saw it as a positive. The reason was a perfect setup for what is known as aHarmonic )AB = CD Pattern, where the AB leg should equal the CD leg as long as there is a corrective move BC reaching the Fib 61.8% correction level.
    Now I was calling 25c, but as a target based on my Elliot Wave wave count, however in charting it is always a positive when different systems are pointing to the similar result,

    https://hotcopper.com.au/data/attachments/2383/2383170-aa53f3434729db977044d93104e640e8.jpg


    Now it should also be noted that the CD leg could extend further to reach fib 2.428 which would indicate a possible SP of about 28c, I can always update the above chart over time as we move up, so don't sell yourself short...wink.png
    Last edited by dolci: 15/08/20
 
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